Netflix (nflx) Chart Breakout

Discussion in 'Investment Charts' started by longtermbull, Jul 18, 2017.

  1. gowiththeflow

    gowiththeflow Senior Investor

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    Looks like Netflix is on the move again - are you still buying JR? Looks set to move into higher ground after challenging recent highs.
     
  2. JR Ewing

    JR Ewing Super Moderator Staff Member

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    I'm still holding a little at a nice unrealized profit.
     
  3. longtermbull

    longtermbull Administrator Staff Member

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    For many years now experts have been suggesting that content will be invaluable in the future. Netflix must have a massive array of content which together with the company’s traditional business operations must be growing in value each and every year?
     
  4. Chartman

    Chartman Senior Investor

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    Is there takeover speculation in the air? The share price rise of late has been fairly dramatic!
     
  5. longtermbull

    longtermbull Administrator Staff Member

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    Takeover speculation is never too far away with this one and with many tech companies holding highly valued paper (shares) they could afford a mix of shares and cash in any takeover attempt - assuming they could add real value. We are in an age of multi-billion dollar takeovers so never say never.
     
  6. JR Ewing

    JR Ewing Super Moderator Staff Member

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    Yes, there is speculation that Apple may buy them.
     
  7. gowiththeflow

    gowiththeflow Senior Investor

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    Personally I think Apple has left it too long to get the best out of a takeover - not saying they couldnt make it work but it has been a good few years since Netflix first appeared on the Apple radar (if the rumours are true). Apple is not the perfect company many investors assume - maybe their reputation is starting to unravel?
     
  8. Josesv

    Josesv Member

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    Good point - surprisingly volatile in a relatively narrow trading range.
     
  9. gowiththeflow

    gowiththeflow Senior Investor

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    If not already, it looks as though this share is on the verge of a chart breakout. Any guesses about a potential takeout price?
     
  10. JR Ewing

    JR Ewing Super Moderator Staff Member

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    As luck would have it, both my put and my call ended up being worthless - the stock was relatively flat on earnings for a change last time.
     
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