Netflix

Netflix (NFLX) reports earnings tonight. With the gloom and doom of the recession upon us, families have searched out ways to cut back on expenses. One simple way to do it:

Keep the kids in
Pop some microwave popcorn
Serve leftover Halloween candies
And treating them to a in house movie on DVD (rental or streamed on your computer/laptop)

Technically this chart looks great especially when over 28% of the outstanding stock is short. We are going to take a small position here being that the risk in this market remains.....high.

Our price target is just below 36

Trade well,

-Trader D