Nflx perdicts it's worst quarter drop 10+%

[RGLD]

https://www.marketwatch.com/story/n...wth-in-its-history-stock-falls-10-11618949977

Is this a buying opportunity? Netflix hasn't gone anywhere for 4 quarters but it has been very stable above 475-500. Would picking this up at 480 still be too high? What do you think?

 

[JSOP]

Marketwatch is a stupid paywall now, just so you know. Guess everybody's tired of watching Netflix and has realized that it's lot more fun to play the stock or options market. There is a 50% surge in option trading this year continuing from last year. The surge in trading activity is so huge that OCC is considering lowering the clearing fees on each contract: https://www.businesswire.com/news/h...gest equity derivatives clearing organization.

 

[longandshort]

I'd wait a little. They had a big miss & lower, which tends to precede post-earnings announcement drift. Wait for 35x forward 2 year pe.

 

[RGLD]

Do you think Netflix already has a rough solution to this? As-in they predict they're not gonna get more subs so they'll probably rise the subscription cost again to make up for it.

 

[KCalhoun]

I might daytrade a bounce premkt

 

[vanzandt]

It's the N in Faang.

.... No opinion however.

 

[Overnight]

I'd say Netflix is a buy now with it's drop. The more autonomous cars that come onto the road, the more people there will be who will sign up for NetFlix to watch movies behind the wheel of their autonomous cars.

Sad but true.

 

[RGLD]

I'd say Netflix is a buy now with it's drop. The more autonomous cars that come onto the road, the more people there will be who will sign up for NetFlix to watch movies behind the wheel of their autonomous cars.

Sad but true.

I got a DWI in an autonomous car. Pretty sad.

 

[Overnight]

I got a DWI in an autonomous car. Pretty sad.

Indeed. I guess the autonomous system in your car did not follow the speed limit, or stay in the lane.

 

[RGLD]

Indeed. I guess the autonomous system in your car did not follow the speed limit, or stay in the lane.

None of those. Apparently having a self driving car still doesn't exempt me from the drinking rules.

Maybe you should mention this on your show so nobody else who thinks logically would get pulled over.