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So Im a long term trader. Ive had great success being a long term trader and whenever im down in red I wait till I get back in green because i invest in blue chip stocks. Anyways, I bought netflix in low 100's and now Im up about 3k. Their earnings are coming up on wednesday and not sure if i should sell and then wait for it to drop low 100s or even sub 100 in the next couple of months and buy or if i should just hold. Does anyone have any idea how their quarter results will be? Need some solid advice. The stock is at its highest its ever been which to me is a red flag to sell and wait for it to drop and buy back again. Thankls
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>>1730771
Just put in a stop loss and maintain it regularly. You will not regret taking a gain as much as you regret taking a loss.
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>>1730771
You can sell some and if it drops (and you think long term the stock will go up) then buy some on the dip.
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>>1730771
i have a stoploss at 120. this earnings is risky. eps anticipation is high. no new goo d originals. crown is a flop.
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>>1730786
This is the correct answer. Institutions always dump a portion of the position before earnings for this very reason, regardless of company, regardless of estimates.
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The rise from $100 to $130 was too quick. Lot of risk at the $130 level. For context a year ago it was said it would take 5 or 6 years to get to $150, based on their expansion plan and earnings. They got 3/5 of the way there in a year. Risky!
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