Tag Archive for 'NFLX'

Seen a good movie lately?

Published on October 24, 2011, 9:05 pm in Opinions and Trading. Closed Tags: , .

Netflix (NFLX) hits the skids tonight as they warn for the second quarter in a row about earnings, after the company’s fourth-quarter outlook was much worse than expected. Uh oh…are people going back to the movie theater? Probably not.

CEO Reed Hasting admitted the company “greatly upset many domestic Netflix members with our significant DVD-related pricing changes, and to a lesser degree, with the proposed-and-now-canceled re-branding of our DVD service.” The company said the larger-than-expected cancellations are to blame for the fourth-quarter warning.

Maybe it’s time for Hulu.

The S&P has sprung up almost 200 points since October 4th…there’s only been 4 down days since then. Do you think the markets may be getting tired? Time for pullback at least….even if it’s only a day! :-)

Share

Dull Day

Published on January 26, 2011, 10:11 pm in Opinions and Trading. Closed Tags: , , , , , .

This had to be one of the dullest FOMC days in recent memory. Sure we blew past Dow 12000 but we didn’t hold it and closed below. The S&P tried to make it to 1300 but it couldn’t do it. The Russell is still hankering to hit 800. If we can’t get these milestones out of the way, maybe the correction will start.

I had some mad money today so I tried an earnings play with QCOM, buying a couple Mar 52.5 puts shortly before the close. Oh well… they had good earnings and an even better guidance. They do have a tendency to pullback after a good report. NFLX had a great report also, while SBUX got their caffeine pulled out of their stock.

Tomorrow we continue with “home” week with Pending Home Sales and also the weekly Jobless Claims. Friday holds GDP…which will bee a market mover. But then again, I thought FOMC would move the market today.

Check out what your state is “known” for at the The United States of Shame. 8)

Share

Friday the 13th

Published on August 12, 2010, 10:40 pm in Opinions and Trading. Closed Tags: , , , .

The low of the day was put in at the open on Thursday, moved up quickly and then just meandered in a narrow range for the rest of the day. Can we have an up day on Friday the 13th? I’m thinking we can and should!

Yesterday I bought TNA afterhours, looking to hold on for a week maybe. Instead I sold at the pre-market open for about 60 cents profit, which was nice. But before the cash markets opened, TNA had dropped precipitously and I got back in and got back out an hour later. Man, that was crazy…and lucky…oh yeah, and profitable!

Speaking of crazy, have you seen NFLX over the past 2 weeks? It’s been going straight up and making new highs today! Judging by that action, the market is thinking everyone is going to be unemployed soon and watching movies from home….confirming the jobless claims and employment reports! :roll:

Tomorrow will start with CPI and retail sales reports. And soon after the open we get Consumer Sentiment. That should make for a wild Friday the 13th. And watch out for black cats and don’t walk under any ladders.

One more thing….Trade what you see not what you think. Here is a funny cartoon video:Trading what you think.    :D

Share