Arete-HI

A boring stock that got a bit ahead of itself

Long
NASDAQ:NFLX   Netflix, Inc.
Natural to sell off, we sat in channel for a long time, broke out, rejected, now people looking for a bottom. Nice place now in the mid-point for last channel. Expect retest of 580, especially on positive earnings 1/20. RSI <20 on a blue chip is rare unless serious issues. what are the serious issues? Netflix is great! Disney getting a bid, ATT getting a bid, nasdaq catching a bid. Even if 580 is dead cat bounce I'll be long gone with my profits. Long 600C 1/2 leaps.

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