I have zero intention of fighting the 45 degree ascent in the markets as long as Netflix is putting up big numbers. This stock is insane–up about 12% over the last two days. It is literally trading with impunity since the latest dip.
My model got one thing right. It calls for a sharp bounce at some point during the week. The only problem is the last two instances have seen the sharp bounce start Monday morning. That is not exactly helpful.
Nevertheless, I have been on the right side of the tape all morning. My systems are back to 100% operational.
The mothership is a force in the marketplace. A fast and nimble boat that rapidly adjusts to the changing conditions. Netflix is like an ambulance clearing a pathway down a traffic infested street. Follow the leader.
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I remember when Ronnie first started appearing in the bodybuilding mags. They called him “The Natural”…
natural like a pallet of Lucky Charms
There’s a reason why Citron tapped out on this one.
absolutely