written by reader NTFLX

By par3on1, August 29, 2019

I recently placed my money with a fiduciary at a major company and he purchased for me NFLX the day before it crashed. I am in at 386 and it is now around 293.00… I need opinions about if you think the stock will return to where I purchased it.. Thanks

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I just happened to start a discussion on Alex Vieira who is a big Netflix fan 1/2 an hour ago and then saw this . Alex had made 100’s of millions on Netflix. Here is a link to get started if you want. I think Alex still likes Netflix but he also shorts it at times. Timing IS everything though and that loss will be hard to make up by just staying long.



I don’t own NFLX but looking at its 9-month chart, it seems that its price still has at least an additional 5% further decline to go before rebounding. If I were to open a brand new position for the stock, I would put a limit order somewhere in the range of $275-278 (its January 2019 price level).