Nflx
- Thread starter blox87
- Start date
u r up 100 % man y not take 2/3 off of nflx. wait till next earning report which will slam nflx to shake out weak hands.
then buy around 80 to 85 range
i think NFLX done for good. u might get 10 to 20 % return here but down side is too much risky.
Walmart, AMZN, AAPL, GOOG all r now NFLX competition.
I like this girls style. I do not have a clue as to the wisdom of holding NFLX but trading according to the principals NoDoji lays out in her post is how, over time, traders get rich.
It is amazing how much koolaid exists for a hot stock in a bull market. Do not be afraid to give back 20% ... it's an occupational hazard. Let the price action tell you when something has changed. Picking tops is just too hard.
It is amazing how much koolaid exists for a hot stock in a bull market. Do not be afraid to give back 20% ... it's an occupational hazard. Let the price action tell you when something has changed. Picking tops is just too hard.
Quote from NoDoji:
You've held it through at least 3 earnings calls without taking off any of it. If you weren't concerned about your safety then, why worry now that it's at all-time highs, gained almost 70% in less than 2 months right after being downgraded by multiple analysts last month, and has a 20% short interest to fuel more buying. There could be a LOT more koolaid.
Plus do not forget 20% of the float is borrowed/short positions & its a small float at that.
Netflix is actually gonna be its own biggest competitor. With that new unlimited streaming plan + 1 DVD at a time for only $8.99, they are going to cannibalize revenues. Why would you pay $21.99 per month, not to mention you can no longer get any new releases + bluray plans are way more money than blockbuster mail plans or total access plans.
Cable/satellite companies on demand services is all about new releases. That is a majority chunk of their revs in this specific consumer space. Netflix now can not play in this sandbox because they agreed to the 28 delay contracts with hollywood studios.
well, they get paid for those contracts. Also, the cheaper memberships reduce expenses while reducing revenues, which helps provide consistent earnings. Also, the trial memberships and the 1-dvd a month plans pave the way for new customers to upgrade.
There was a point where people said, "what makes google any better than dogpile or ask jeeves?". The folks running netflix seem to be doing pretty well with interesting product expansion, and marketting.
There was a point where people said, "what makes google any better than dogpile or ask jeeves?". The folks running netflix seem to be doing pretty well with interesting product expansion, and marketting.