If Netflix hits a Low Soon is it Safe to Buy? (stock market, buying)

[Jesse69]

I count not buying Netflix at 54 as one of my big misses. I would have sunk my entire investment in it and my $35,000 would have tripled by today.

[bmw335xi]

Originally Posted by Jesse69

I count not buying Netflix at 54 as one of my big misses. I would have sunk my entire investment in it and my $35,000 would have tripled by today.

Do you mean IF?

It's easy to say what you would have done. I have a million stocks that looking back I wish I bought or shorted. You shouldn't be surprised.

[howard555]

Originally Posted by Jesse69

I count not buying Netflix at 54 as one of my big misses. I would have sunk my entire investment in it and my $35,000 would have tripled by today.

You could have bought it last week for 103.50 and it hit close to 180 the other day.

Nice 75% gain for somewhat of a gamble. It's a more risky stock than some.

I shorted it at 103.50 and broke even on the short.

[BigCityDreamer]

Originally Posted by howard555

You could have bought it last week for 103.50 and it hit close to 180 the other day.

Perfect example of why daytrading is highly volatile - going both ways.

[howard555]

"Perfect example of why daytrading is highly volatile"

Perfect example of why I bought a 97.50 call option to hedge my short.

And day trades are buy today and sell today.
Sale tomorrow is not a day trade.

Volatility is what options are all about. Either lack of volatility for low cost investments in a stock.
Or high volatility for use with weekly or monthly covered calls, or covered puts, or spreads, etc.

[indy_317]

A few months back I gave an opinion of NFLX and the sector as a whole. Over Christmas, I was given five free rentals at Redbox. I have to say, I really liked using the Redbox, but I also was happy with Netflix as well. Also, I recently purchased a wireless Blue-Ray DVD player. Last night I hooked it up and played around with the YouTube feature. As a frugal person who actually has more than enough disposable income to spend, I no longer can predict where this is all heading and where I would put my money. Between on-demand/PPV with cable/sat., Redbox, and Netflix, who will win in the movie wars? I should state that I just canceled my Netflix subscription. I mostly was using Netflix to get TV shows that I had missed, and it was a great service for that. I added movies that I wanted to see (all newly released sci-fi, fantasy, and action) that I don't go out to the theater to see. However, I had finally gotten to a point where all I had was fairly new releases left, and after doing some price comparisons, Redbox is cheaper. Netflix might be cheaper if I were to do the On-Demand plan (was on the DVD plan), but in order for it to work well, I would have to pay my ISP more for fast internet.

[80skeys]

Originally Posted by BigCityDreamer

Perfect example of why daytrading is highly volatile - going both ways.

day trading is no more volatile than position trading or investing. It's just faster.

[80skeys]

Originally Posted by howard555

Volatility is what options are all about.

And the more volatile the underlying asset, the higher the premiums on the option. So what exactly is it that you're trying to say here ?

[Sage 80]

NFLX is on tear. It's in the 230s.

[bmw335xi]

Originally Posted by Sage 80

NFLX is on tear. It's in the 230s.

I bought it soon after earnings and almost sold it when it started going back down. I'm happy I didn't