Jan. 21 at 1:01 PM
$NFLX $QQQ $SPY
The decline has nothing to do with the “great” ER.
The stock went from
$16 to
$120 in 3 years. All the “good” was priced in long ago.
And now the new narrative will be the uncertainty and huge cost of the WB acquisition.
They will now program the algos to reflect this and they will now purposely take it to
$68 to retest previous high from
2021.
I’ve been calling for this for months. Here it is.
There will be bounces but
$68 is set in stone just like QQQ
$405 was set in stone last April when Q’s tested its previous high from 2021.
This is how the game is played. Play it or get run over.