Home Stocks Trading Advantage Stocks – Netflix Rallies Strong

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It was a slow day for the overall markets yesterday, yet we managed to make new record highs. The upside trend continues without any fear of retracement as sellers realize any drop would be immediately bought up. We did see some volatility in stock names both to the upside and downside. NFLX was a name that rallied strong off an upgrade that was given thanks to a survey. This survey predicted that NFLX would report a good quarter and saw a jump in subscribers. SHOP got crushed off the open by heavy selling which PRECEDED Citron Research slamming the company via Twitter. Citron is a notorious firm that tends to short stocks and tweet out to help their position. However, someone knew the tweet was coming out yesterday. Volume was already over 40% the daily average within the first 8 minutes of trading. The tweet came out shortly after and SHOP got demolished. Looks like the good ole boys of Wall Street still work hand in hand with whispers and handshakes. How else do you explain the billions in new liquidity to the downside in a longer term up trending stock? Coupled with someone taking profits and that lead to SHOP finishing down over 11% for the session. Devastating to the retail trader that held through that mess. I expect SHOP to bounce back in the near term, similar to how W finally bottomed out and started to recover. A drop of 11% in a stock that trades 1.5M shares a day all off a tweet. Welcome to the new Wall Street ladies and gentlemen. Open Position: NVDA EDU XLNX QCOM NFLX BABA TTWO Stocks to Watch: TWTR CTXS NTAP JBL HLF WFC  JPM MS NFLX WDC DIS SBUX STZ NKE LULU CREE VZ T HOG MON YUM LOW HD LEN TOL FEYE PANW FFIV AKAM


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