Netflix-need to hold em

I'm beyond kicking myself on this one but man did I have Netflix correct. I'd said here to buy when above 40.9, then had it at 41.63. This am I see it approaching 49, a 17% move in less than a month. But I am far from perfect and sold this one when I elt myself get chased out. Sometimes fear really screws with you, forces your hand. I forget how firm of a stop loss on this, but it was a mental one.

I'd like to ask myself WWDD? What would Darvas do? He would have been away from the market, ignoring intraday price action, might have even had this one on margin. I suspect he would watch this one for a pullback to $45 or even the 50 day average. For now it really looks like a great winner of the future. Installed on LG tvs and now video games. Increasing stock of bluray also.

NFLX lesson is helping me to hold onto another leading stock that is a little more sluggish, not as much in the public eye, but showing great fundamentals and price action-constructive pullback now.

Happy trading!

Recent trade comments

As I have said before, if I would just follow my rules, things I know to be correct, than I would be rich. It was absolutely idiocy to buy in a downtrend...which I did for both of them. I got stopped out of STAR, got wiser per my rules on some of the NFLX. The other NFLX was in an account that I needed to let previous trade settle prior to selling, to I am back in a profit. I felt like a shmuck with the loss I had on the other part, but rules is rules. All time frames say up for now, average price 41.63 (it would have been lower if I did what I was originally planning on).

http://www.netflix.com