I bought NFLX at 22 and sold at 98 on the spike in April. In hindsight a mistake, however I am now short and believe 110 to 120 is where it is headed. Hopefully, I can look back and say I made back the difference. Guys this stock is way over what its worth today and 3 years ahead. I manage money for a living and want the retail investor to either buy puts or trim positions to protect yourselves. Good luck to both long and shorts.
I bought at $11.62, enjoyed a split, and just sold at $140 bout 3 weeks back. I absolutely love the company, and that's why I held for so long. But I have watched this stock for years, back in the days when EVERYONE bashed it, even though they continued to beat the market's expectations. Just as the stock started to rise off the charts, and then everyone started pumping it, I figured it was time to get out. Wish I would have held for just a few weeks longer. Still a great service, my family loves it.
Congrats, I bought it at 22 because our mailman said he was delievering a ton of DVDs it is just too expensive of a stock now. I would like to own it again for our clients, just at a level with some margin of error. 100 or so.
LOL...you bought at 22? When was that? When you managed money for Barney Flintstone? And you waited fours years to sell your ten shares...? You couldn't manage a midget...did you ever try? Liar-liar-pants-on fire!
Wow! If I bought the stock at $22 I probably would have been gone long before $98! Who would have known this thing would get to $174 or even $140? I agree with your longer term target but short term I think the low $150's is where it will find support. I will start to cover at that point. GL