February 10, 2011

TILSON’S LOSS ON NETFLIX (NFLX) IS OUR GAIN

We are sitting on almost 125% gain on our remaining Netflix (NFLX) position. In a prior post, we mentioned that the next resistance is around $225 for Netflix . Today, we were knocking at the door of $225.

After the close, there is news that the famous Netflix short Whitney Tilson of T2 Partners has thrown in the towel and covered his Netflix short position. This news may propel Netflix stock higher. We will take advantage of any up spike and take profit on our remaining Netflix position. We will look for exhaustion on a parabolic move to exit.… Please click here or the title below to read more.

February 10, 2011

PROTECT PROFITS ON NVIDIA (NVDA)

There are significant profits now in our NVIDIA (NVDA) short position. In keeping with the discipline imposed by the ZYX Change Method, we will take profits on one third of our position right here around $22.62 and tighten trailing stops on another third of the position. For the time being we will hold on to our core position which is only 5% of our full position size. If NVIDIA goes higher we will add to our short position based on technicals.

… Please click here or the title below to read more.

February 10, 2011