My best trade this year is now $NFLX. Not that I made money…I lost money. It’s that the $10 loss in the stock is heavenly compared to what I would be facing this morning. It was dumb for me to buy stock at $130 and many on the stream told me so. The stock was broken. Now it’s broken’er’.
Netflix $NFLX is still a great Company.
Reed Hastings is no smarter or dumber than he was a year ago. He’s definitely wiser.
There are so many problems right now with Netflix, the stock, that it is impossible to price.
Just THREE months ago, with the stock at $300 and the shortsellers destroyed, there was only one problem…when would the market and momentum investors realize that Netflix did not control the whole streaming business.
The Company knew. It had to be thinking about the spinoff or slipt up of the two core businesses, LONG before the actual Qwikster announcement.
In hindisght, like with every momentum stock, Reed Hastings will look back and wonder why he did not use his currency with he stock in the 200′s to buy more talent and product. I mean he could have borrowed money from Shittybank to short his own stock with the help of Goldman Sachs…
People were buried on the short side on the way up and people are now incredibly buried with the stock back in the 70′s. I know some of the people.
Some people will get mad and sue the Company, some people will take their losses, some people will hold and hope this gets better one day and others will be buying. I saw the buyers last night again in the 90′s, than the 80′s…smart people..people thinking that $NFLX may not be as dominant but at least they are far ahead of everyone else. We are opening just 12 hours later in the 70′. Those people have not really evaluated the enormous amount of influence that momentum in the stock market carries. A sea change of shareholder base is underway.
Netflix needs time and some incredibly great decisions under extreme duress now.
If you can’t find easier battles than this, I like you in my stock market. Stick around.