Thanks man! Netflix had really good earnings this quarter although if 280$/sh is overrated or not I will let that in the hands of the strictly fundamental guys to decide, I myself just follow the price action, so even if I thought that it is overvalued at 280$ if I see any kind of bullish signal/trigger that tells me this is going higher I will not hesitate to go long for a potential all-time break out. I just use basic fundamental analysis only to see if a company is solid/garbage. I use technical analysis to tell me which way this is going to go regardless of what I think about the company. Long story short: I wouldn't short these tech stocks even if they are overrated unless they give a technical signal to a potential downside. Also they follow the $SPY and $QQQ and the trend is still to the upside even with this past mini crash.
Thanks man! Netflix had really good earnings this quarter although if 280$/sh is overrated or not I will let that in the hands of the strictly fundamental guys to decide, I myself just follow the price action, so even if I thought that it is overvalued at 280$ if I see any kind of bullish signal/trigger that tells me this is going higher I will not hesitate to go long for a potential all-time break out. I just use basic fundamental analysis only to see if a company is solid/garbage. I use technical analysis to tell me which way this is going to go regardless of what I think about the company. Long story short: I wouldn't short these tech stocks even if they are overrated unless they give a technical signal to a potential downside. Also they follow the $SPY and $QQQ and the trend is still to the upside even with this past mini crash.