Is $NFLX a buy candidate before earning?

“Never cut a tree down in the wintertime. Never make a negative decision in the low time. Never make your most important decisions when you are in your worst moods. Wait. Be patient. The storm will pass. The spring will come.”- Robert H. Schuller

Nothing has changed other than making hasty decisions for NEFLIX (NASDAQ: NFLX) after it awkwardly announced last week that it’s walking out on plans of separating its DVD-by-mail service, Quickster. While the rationale of the move to split streaming and DVD businesses is worth debating, the recent events are reflective of a management that is hasty in its decision making. No doubt about quick decisions are unsafe decisions, but this company has bright future and investors may even get better price. Earning per-share consensus is $0.94 and it will report Monday after market close. We do have open position which is up now 9%, we will monitor this position Monday before the market close. The price managed to close Friday right above 20-day exponential moving average, and if investor reaction is positive it will push to 50-day exponential moving average at $159.15 within weeks. We want to initiate if the price meets trade-risk characteristics either DDS or DCS to see the details of the trade...Subscribe now..If you are premium member log in here.

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