Closing Trade (AMZN-NFLX)

By: ispeculatornew
Date posted: 10.27.2016 (5:58 am) | Write a Comment  (0 Comments)

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nflxIn what has been a difficult year of trading for the long & short tech stock picks, there have been a few ups and downs and I did of course know that shorting Netflix carried a decent amount of risk but I was willing to go for it. I’m not 100% convinced of AMZN’s threat to NFLX but I do think there is potential for AMZN to have an impact on Netflix’s membership growth but also its pricing power. As you can imagine, Netflix’s most recent earnings report, a big surprise in terms of international user growth sent the stock way higher:

nflx_chart

As of today, that trade stands at -32.48% and will be closed on the opening today. As is always the case, you can see this year (and past years) long & short trades here:

http://www.intelligentspeculator.net/livetrades

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