The stock has moved up nicely in last couple of days. If you have missed out rally, don't buy now. Wait till next pull back. Today is also profit taking and consolidation day. So the stock will remain flat, or slightly higher side depending on Slovakian vote happening today. The rumour right now is that they might fall short of 1 vote.
If they approve then EFSF is cleared and good news should impact positively on the stocks and we could see another short covering rally.
I was bearish on NFLX, but after yesterday changes that they will discard QWIKSTER plan where they were seperating DVD with streaming, i am convinced that the stock will do better this earning season. With rate hike, 60% and losing 1 million customer, if i calculate they are still making more money then ever. STARZ contract expires in FEB 2012. So atleast this and next earning season they will do better. After FEB, their fate will lie on what they do with new deals. Its time to buy NFLX at lower value. NFLX has lower resistance at $102.55 while upper resistance is $138.55 to say if its bearish or bullish. NFLX is announcing their earning on October 24th. Goldmans sach has conviction buy rating on NFLX yesterday.
POT was down to $39.00 last week, and it has jumped up to $48. The stock still has potential to go higher, my price target is $61. If you have missed out rally. Don't buy now. Wait till fall back near $45. I am also bullish on MOS.
Keep an eye on EUR/USD . If it falls then the vote is rejected, if it rally to 1.37 most likely it got approved.
AA will be in main focus at the close. If they guide high which i expected i see upside in AA stocks.
If they approve then EFSF is cleared and good news should impact positively on the stocks and we could see another short covering rally.
I was bearish on NFLX, but after yesterday changes that they will discard QWIKSTER plan where they were seperating DVD with streaming, i am convinced that the stock will do better this earning season. With rate hike, 60% and losing 1 million customer, if i calculate they are still making more money then ever. STARZ contract expires in FEB 2012. So atleast this and next earning season they will do better. After FEB, their fate will lie on what they do with new deals. Its time to buy NFLX at lower value. NFLX has lower resistance at $102.55 while upper resistance is $138.55 to say if its bearish or bullish. NFLX is announcing their earning on October 24th. Goldmans sach has conviction buy rating on NFLX yesterday.
POT was down to $39.00 last week, and it has jumped up to $48. The stock still has potential to go higher, my price target is $61. If you have missed out rally. Don't buy now. Wait till fall back near $45. I am also bullish on MOS.
Keep an eye on EUR/USD . If it falls then the vote is rejected, if it rally to 1.37 most likely it got approved.
AA will be in main focus at the close. If they guide high which i expected i see upside in AA stocks.
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