9th Oct 2011–Will this be the last sad song for NFLX?

Buy $	Sell $	Sell Short $	Buy Back $	Stop Loss $	Profit / Losses	Duration
113.00				114.00 (adjusted)

 

Reason for Buy / Sell / Sell Short / Buy Back:

 

1. After all the huge dropped, price seems to stable at Fibonacci level of 61.8% of weekly chart.
2. Intraday shows that price started to tag along the 20MA and 50MA lines.
3. After all the heavy and high volume dropped, volume started to cool down.

 

Lesson Learnt:

 

1. Be very careful. This can be a falling knife at any time.
2. Stop loss point has been adjusted immediately after the price raised above $120.00 for capital protection.

 

Intraday Chart

Historical Chart