March 9, 2010

TRADE MANAGEMENT UNDER ZYX CHANGE METHOD

Earlier today we sold $NFLX short at $71.20. Shortly afterwards $NFLX was touted as a buy because of Cisco announcement. Anyone following ZYX Change method would have taken advantage of the temporary move up to add to the short position. And when the move up failed, it was an opportunity to add more per the ZYX method.

Since it is a volatile stock, we will not lower stops on the core position, but trail stops on some of the rest and tighten fixed stop on another partial. One of the axioms of the ZYX Change method is to not let profits slip away.

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March 9, 2010

SHORT SELL $NFLX (NETFLIX)

Based on ZYX Change Method, $NFLX has been on our list to short for a while. We have been waiting for a trigger. $CSCO’s announcement of the next generation internet and heavy emphasis on streaming video with examples of movies in the announcement is our trigger here. Lightly scaling in at $71.20 with a tight stop.

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March 9, 2010