Swing trading - discussion, learning, sharing, setups

[JGC97]

I was on the fence about buying NFLX last week when it was $400/share. Thought it might drop a little. Stupid move on my part.

[JGC97]

Originally Posted by HereOnMars

I was on the fence about buying NFLX last week when it was $400/share. Thought it might drop a little. Stupid move on my part.

Caught a little break today when the CFO said NFLX would probably get hit what with the strike in Hollywood. Stock dropped to $412 (low) before the close. I bought earlier at $416 before his announcement so I'm on the hook @ $4/share. Even so, at its high of $435+ before the news, I'm okay with the $416 price. Would have been nicer at a $400 level but, oh well. This will be a nice long swing if it reaches the $600 projected price target.

Waiting to see what $ARM does tomorrow. It's IPO price is $51/share. Reuters article says this may do better than RIVN did when it IPO'd in 2021.

The IPO raised $4.87 billion for SoftBank based on 95.5 million shares sold. It infers a valuation on Arm on a fully diluted basis of $54.5 billion, making it the largest stock market debut since electric car maker Rivian Automotive Inc RIVN.O in 2021.

https://www.nasdaq.com/articles/exclusive-softbanks-arm-prices-ipo-at-$51-per-share-sources

Definitely on my watch list and may jump into the fray. Not sure yet.

[JGC97]

Originally Posted by taylor987

I cancelled my NFLX and AMZN prime ,I watch TUBI and Youtube,Pluto,Crackle,AMC(Sling).

Oh. Well. That explains it. That had to be the reason the stock price tanked. j/k with you. It was a different reason altogether.

[BeerGeek40]

Netflix was a tremendous short opportunity. And there are plenty of others in this market, none better than BYND (if you can get shares).

[GTB365]

AVGR

Up 73% today....

Currently up another 25% afterhours....

Will be interesting tomorrow....