Wanna make some money on Netflix (NFLX)? Here’s how. (October 05, 2015)

by DAN
I want to look beyond October 5th and look at October 14th. That’s the day, after the close, that Netflix ( NASDAQ:NFLX ) reports earnings. The last couple of times they’ve reported earnings, been right around here, that’s worked out well; not just for folks who bought “on the news”, in other words bought the top of the gap, but it worked out great for those that were holding the stock into the earnings. By the way, it didn’t work out so great the quarter before.

But essentially look at the track record here: Boom! Boom! Boom! And that was a 7-for-1 stock split. Now the stock’s ABOVE the 7-for-1 area, above $100.00 and looking like it’s moving higher. I think this stock is starting to REPEAT what has happened before. Moved up into earnings, here even a little bit, but moved up here into earnings. Moved up here into earnings. Now this is starting to move up into earnings. I don’t know whether this is a stock that you want to hold over earnings, but I feel pretty strongly about this, and I don’t have position, but by this time tomorrow that will have changed.

I think this is a stock that you want to own going into earnings. You’re buying it here. If the stock’s up here, certainly if you’re into options, you’re options are going to have doubled by the time the stock’s here. You sell half and then let the other half ride. Let them stay on the old felt table and see what happens. Netflix ( NASDAQ:NFLX ) works right here. Coming out of this squeeze I think this rally, assuming the market plays along with this, I think this stock is going to continue to rally for a bit, so I want you to be there.

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