I mean last quarter I had a group of shares all around the 100 mark +/- 5, then it dropped and I doubled down around 84-90, so averaging around 90. Sold that second chunk between 99-06 and was left now with original shares bought around 99.
My gut feeling was that since this stock moves so much on opinions about subscriber growth and outlook that maybe they sandbagged themselves last time or people were expecting a drop etc but they've been doing good work, new shows, emmy's, increased rates for old users, etc so I was hoping it would go up and expected to sell around 110-115.
I saw it jump now aftermarket and sold all my shares at 118. A little early since I see it hit 120 but I'm ok with that. I buy down and trim up.
I won't touch NFLX again until it's at least under 110, probably closer to 100 if it happens.
As for the future, my completely gut feeling bullshit intuition hunch is this is an overeaction (upwards) as usual and it'll settle down and people will take their wins and sell and within 2-3 weeks it'll settle back down to 115, maybe down to 110 give or take. I'm setting my alert for 112 and if it goes under 110 I'll start nibbling again.
Here's a few new ones to discuss....
HHC - don't remember who mentioned these guys. I know they're sort of like a REIT but no dividend so not sure if it qualifies. I bought and sold them around 90-110 and even just a couple of months back it hit 120. Now back down to 107 and regularly dropping. I'm looking to pick some up around 100-105 and will follow it down to 90 more or less. Planning to trim around 110-115 and sell 120 give or take. It sort of fits into my REIT group though it's more of a stock buy/sell sort of play. Any opinions about HHC?
LULU - wow have these guys come down. Hit 80 not too long ago. I just bought back in at 55 today and will happily buy more down to 50 and under. Is retail having a tough time because online? Yes. Is Athleisure-wear become more competitive? Yes. But I like the company and always have a great experience there and own the stuff. Totally the wrong reasons to own it, but I'm not a good investor that way. Anyway, I just thought it might be worth a look at. I'm ok with being down 10% with a possible upside of 40-50%.
SPI - mentioned them before. Extremely thin trading volume and in solar which is down heavily right now. I was buying these guys from $4 all the way down to $2 and had about a 40% loss. Definitely a case of a falling knife and I felt really bad about it. A few days ago it jumped from $2 up to $2.5-2.7 which has eased up a lot of tension. No idea what's happening or why but there might be some big % swings coming up on this one... again, if you guys know anything about the co. or what's happening I'm all ears. In the meantime I'm holding on for dear life on this one.
GLF - still holding onto this one and it hurts. But if you haven't looked in a while it seems helluva cheap. If oil can stabilize next year this one could do very very well. It's like $1.5 a share and last time we had $1.5-2 a share I think last year or beginning of this year it eventually went to about $6.5-7 at one point. I remember being up like 40-50% in one day.
Edited by Master-Classter - 10/17/16 at 1:50pm