It looks to be setting up for a move to fresh all-time-highs.
Today’s trade is just that: A trade inside a conservative portfolio, not a long term investment.
Its decline and underperformance is prolonged and significant. And its revival needs to properly kick in before investors can feel confident about buying.
Shares have lost more than 50% since their January peak.
Plus updates on our current day trades, swing trades and option trades.
Is Netflix stock toast now that we closed our bullish trade for profits? That was a question I received from a subscriber yesterday. The answer to this question lies in understanding the time frames within which one is placing trades.
Wall Street’s disappointment in this week’s earnings report is misguided. Here are two trades to profit from their error.
Our target potential upside is 13% to 26% in the next 3-5 months.
Over the past three years, it’s up 70%, recently hitting a multiyear high.
It’s my “Option Trade of the Day”.