AlexTeddySG
2022-07-18

$Netflix(NFLX)$Results for Q2 will be out on Tuesday (post). 3 things why I m going to off-load my positions: 1. Loss of 2m subscribers 2. Loss of revenue - generally Q2 is NOT good for Netflix, plus post-pandemic effects, increased competition. 3. Huge impact of FX losses due to strong dollar(?). 

Will retake position post results. 

Let me know your thoughts too. 

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Comments

  • Joker_Smile
    2022-07-18
    Joker_Smile
    seems like it is not the time to hold onto nexflix shares.
  • Toby_Chua
    2022-07-18
    Toby_Chua
    Bearish trend not bottoming yet
  • AlexTeddySG
    2022-07-18
    AlexTeddySG
    Crazy Monday right! 😀 Somehow sensed the bullishness of the day and held back 40% instead of offloading everything. For sure this Bull Trap, atleast for $Netflix(NFLX)$ 🤪
  • Asphen
    2022-07-18
    Asphen
    v touchy this one. need to observe price action more.
  • Zack44
    2022-07-18
    Zack44
    Interesting 🤔🤔🤔
  • SilentWarrio
    2022-07-18
    SilentWarrio
    interesting
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