So ... Nflx? Down 11 percent but the analysts still love it. Time to buy some?
I've never held any of the stock. It seems like the business model is replicable and they don't pay a dividend. Competition is pouring into their space and they're apparently losing rights to a couple of their key reruns. But I sure would have gotten rich if I had bought some ten years ago.
I feel like I should buy some, but I can't figure out why they're golden. [Reply]
Originally Posted by Rain Man:
So ... Nflx? Down 11 percent but the analysts still love it. Time to buy some?
I've never held any of the stock. It seems like the business model is replicable and they don't pay a dividend. Competition is pouring into their space and they're apparently losing rights to a couple of their key reruns. But I sure would have gotten rich if I had bought some ten years ago.
I feel like I should buy some, but I can't figure out why they're golden.
Originally Posted by Buehler445:
What support? It looks to me like it just set an all time low.
Sure and then rebounded. Support showing at all time low and reversing trend. At least in short term. Could be quick trade (few days to few months). [Reply]
Originally Posted by lewdog:
Sure and then rebounded. Support showing at all time low and reversing trend. At least in short term. Could be quick trade (few days to few months).
That's not support. Support and resistance is based on historical prices that provide support and resistance.
In the example above (Green is support red is resistance) if a stock goes down to 33, you can, in theory, expect support and get a turnaround. If it blows through it, support becomes resistance and you'll have to have a pretty substantial move to get back above the price level.
I don't know the rules to actually exercise the technical analysis on any given stock, but in the grains, you can lean pretty hard on support and resistance. [Reply]