NFLX Earnings.

Quote from tradingjournals:

It took it only 25 minutes to fall from 390 to 365. One dollar per minute!
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Lol. U got to imagine the emotional swings of those that went long into earnings, saw the pop last night and said to themselves "oh yeah baby......here comes 400". The greed glands kick in and they hold into today. Then out of nowhere right back to reality. Bulls and bears make money, pigs get slaightered!
 
Quote from mastacoli71:

Lol. U got to imagine the emotional swings of those that went long into earnings, saw the pop last night and said to themselves "oh yeah baby......here comes 400". The greed glands kick in and they hold into today. Then out of nowhere right back to reality. Bulls and bears make money, pigs get slaightered!
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:-)

You are right! I noticed from the tone of your past posts that you were sensing the downfall.
 
I wonder how much this drop today has to do with the CEO saying the stock is way overvalued... and saying this run up reminds him of the last time NFLX was over 300 and dropped to under 100

maybe without those comments the stock would be over 400 now?!?
 
Quote from doublet83:

In the year of the price increase and Qwikster fiasco, domestic segment operating profit declined a whopping 10%, while domestic subscribers grew 21%. Hardly what I would call "buried" the company. Lets not forget his achievements, including co-founding the company and successfully transitioning from a DVD rental model into a internet streaming model, a transformative change few businesses successfully achieve. Oh and the decision to focus on original content, something often lauded now.

Anyway, what you seem to really take offense to is that he made the comment that momentum investors are driving the stock up, despite the fact that such a statement is 1. true, and 2. represents a rare moment of honesty from corporate management.
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Irrespective of if momentum investors are driving up the stock price being true (and the market determines what the value of a stock is), it was a stupid thing to say for the CEO. The same could be said of a stock going down like a rock... FYI, I have no position in this either way.

And despite what the CEO has previously done for the company, this one statement was severly ill advised. When do you hear a senior officer of a company, let alone the CEO saying essentially that "our share price is too high"? Obviously the stock is going to get killed. Frankly I don't buy your excuses for this guy. His previous successes are not relavent to this. He single handedly errased 20% + of the stock's value in a single day. If you are a shareholder, you must be furious.
 
Quote from Churchill:

Irrespective of if momentum investors are driving up the stock price being true (and the market determines what the value of a stock is), it was a stupid thing to say for the CEO. The same could be said of a stock going down like a rock... FYI, I have no position in this either way.

And despite what the CEO has previously done for the company, this one statement was severly ill advised. When do you hear a senior officer of a company, let alone the CEO saying essentially that "our share price is too high"? Obviously the stock is going to get killed. Frankly I don't buy your excuses for this guy. His previous successes are not relavent to this. He single handedly errased 20% + of the stock's value in a single day. If you are a shareholder, you must be furious.
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He has a fudiciary responsibility to his shareholders. That means speaking the truth and putting lipstick on the pig. Come on dude, are u kidding me? He did what he should have done. Musk should take a lesson from Hastings.
 
Quote from Churchill:

Irrespective of if momentum investors are driving up the stock price being true (and the market determines what the value of a stock is), it was a stupid thing to say for the CEO. The same could be said of a stock going down like a rock... FYI, I have no position in this either way.

And despite what the CEO has previously done for the company, this one statement was severly ill advised. When do you hear a senior officer of a company, let alone the CEO saying essentially that "our share price is too high"? Obviously the stock is going to get killed. Frankly I don't buy your excuses for this guy. His previous successes are not relavent to this. He single handedly errased 20% + of the stock's value in a single day. If you are a shareholder, you must be furious.
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There's no doubt that the HFT and shorts came in and had a big hand in this move and a down grade came in, but dummy didn't help in basically saying:

The stock price is to high.

Guess what? It isn't now. :p
 
Quote from CenFlo:

There's no doubt that the HFT and shorts came in and had a big hand in this move, but dummy didn't help in basically saying:

The stock price is to high.

Guess what? It isn't now. :p
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Lol
 
Quote from mastacoli71:

He has a fudiciary responsibility to his shareholders. That means speaking the truth and putting lipstick on the pig. Come on dude, are u kidding me? He did what he should have done. Musk should take a lesson from Hastings.
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His fiduciary responsibility has nothing to do with his opinion on where the share price should be. He slaughtered his own stock for absolutely no good reason.

Talking down your own share price = acting against your shareholders.
 
Hey, he's just being honest after all!

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