Money is great, free money is better.

So I have a long day and probably will not be able to post later today which means I should just drop a little “what did I say” right now. A day ago, I talked about how I wanted to get into Amazon (AMZN) and NetFlix (NFLX). Both are on rockets right now heading towards the moon while the overall markets are lower.

Personally, I could not afford to get into both stocks, right now Amazon looks to be set-up nicely with great holiday guidance which could push the stock up higher into the $130-40 range. But I opted for Netflix. I was really looking at this stock and got into it on Thursday at $48.93/share. At the time I got into the stock, I truly did not expect a strong run like this today. I anticipated good earnings, a good rise in price, but wow. I’m up significantly today on my 110 shares. If I sold today, I would be up more than $750 – nice little gain if you ask me! I’m not worried if the stock pulls back, forward outlook looks great and I will take this stock for a little walk around the block before dropping it.

So home sales posted a surprise gain of 9% which is great news, I was anticipating housing stocks to go up but that sector is not looking good today. Hopefully another chance to get into a stock comes up.

Happy Investing!

Aman, MBA

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