I was bashed in the head with the sudden fall of NFLX today – July 18th 2011. Ouch. that hurt. The day started out with a 10 dollar dip and only recovered slightly to an almost 8$ per share dip by the close. The worst point was $12 per share off. Double OUCH!
I bought it on Friday at 285 and some change. OUCH! I guess a couple of things. One is that Investors pulled back today because of the negativity surrounding the debt debates in Washington.
Everyone knows they will increase the debt ceiling but negative NEWS is, well, negative NEWS. And NEWS drives the market.
Also AAPL went up today about $8 per share. This is because earnings will be reported tomorrow and it is very likely that AAPL will bash through analysts estimates once again. I should have put my money there on Friday.
That is probably where at least some of the money that came out of NFLX went today. But NFLX has it’s own report due on the 21st which is only a few days away. Will it shoot past where I bought it at? I sure hope so!
Also, some money should be coming out of GOOG stock now that their earnings is a few days past. But some of that money probably went into AAPL today too. Aargh. I should have seen this last week. I know that I THOUGHT about it, but it appears I did not pay heed to my own sensibilities.
Ok, so we will see what happens in the next couple of days. I certainly hope my choices on Friday can be redeemed but we will see.
Note: I am NOT a financial advisor and you should not take any of this as any kind of stock advice. I am just writing my ramblings abut the market and I probably do not have a clue about what I am talking. So do not listen to me!
Of course, no one has a crystal ball. Life sure would be easier if I did. But alas….
AAPL will probably bound upwards past earnings which is almost sure to be stellar. Again, I dropped the ball there – additional lamentation!
I feel said for missed opportunity. Someone the other day asked if I ever considered options. My reply was that I do not even think I am good enough at trading without options. It would be dangerous for me to get involved with them at this point. Besides I don’t like to lose more.
Gaining more is always fun, but losing more is, well, NEVER fun. I’ll take it slow and easy and to it my way. I do not short much either. I am still trying to figure out how to invest the straightforward way. Stocks rise and they fall. And there have been bubbles since probably before the Tulip debacle in the 1600s.
Bubble after bubble after bubble. I would suggest that the prudent investor understands bubbles well. Then there is gold. Wow! $1600 per ounce? I sold my only gold coin about 8 years ago for a measly $130 or $330 or something like that. I think I actually lost a few dollars on it! LOL. what I didn’t know.
One thing I do believe though. I cannot invest in total garbage. If a company cannot even show a profit, I just do not want to waste my time on it. I know there are ‘speculators’ out there who just wait for that dog to get some attention from bigger investors. I just cannot do it that way. Some people wait a few years for that to happen.
No margin for me either. Just don’t want any part of that! To lose more than you have is, well, it has to be a BAD feeling. Stock investing is unsavory in the first place. But what else do you do when there is nothing else available or quite as liquid?
It is a tough world out there and the Stock market is no exception. Yes, some do very well. Experience and continued learning MIGHT be the path forward.
ON the other hand. I do not want to get so wrapped up in it that it becomes my life. I have other wishes and dreams. Some are quite spiritual in nature. IN the end, we don’t take any money with us. It is temporary and it is best not to lose sight of that factoid.
I hope you are paying attention. When I think of some of the Wall Street Bad Guys – you know they must be thinking that they are extremely lucky to have gotten away with what they have. That has to make some of them nervous and uncomfortable. I do not want to wear those shoes. I want to look up at the stars at night and have a sense of wonder and awareness. If you ‘sell your soul’ for money, you might be left with a kind of bad feeling. Who wants that?
So, that is it on my take on NFLX stock today. AAPL is doing well this last week or so. I missed the ball! Too late now, I would say. Why do I make such silly mistakes? There must be a lesson in there for me somehow. That is how I look at it.
Rambling must stop now! Thanks – until next time!
* remember, I am not an investment adviser. Do not take anything I talk about as a recommendation, it is not. You have to do your own research and make your own choices. Get professional help from professionals! (If you can find one that is! )