A look at NFLX IPO
From the public open price of NFLX to its all time low 139 days later it lost ~70% of its value
(remember the numbers are lower because NFLX has had 2 stock splits in the past, once was a 2:1 and the other was a 7:1)
After it started to recover from the dip, it consolidated under $0.70
It then broke out and retested that $0.70 level and that area circled in green would have been a great area to buy for the long term either at $0.70 or as it started bouncing from that price
I will say I don't expect IQ to get beaten up as much since NFLX was kind of a pioneer at its time where as IQ is similar to a proven business.
(remember the numbers are lower because NFLX has had 2 stock splits in the past, once was a 2:1 and the other was a 7:1)
After it started to recover from the dip, it consolidated under $0.70
It then broke out and retested that $0.70 level and that area circled in green would have been a great area to buy for the long term either at $0.70 or as it started bouncing from that price
I will say I don't expect IQ to get beaten up as much since NFLX was kind of a pioneer at its time where as IQ is similar to a proven business.
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