NFLX worth no more than $98/share. 50% crash imminent.Link in Forbes Financial Magazine:http://blogs.forbes.com/schifrin/2010/12/13/bewkes-badmouthing-could-drive-netflix-to-98/?partner=yahootixThis selloff has a long way to go according to the usually accurate Forbes Magazine.
$98 just for starters. If earnings start to slow, $25.
This sounds about right ..Remember that NFLX was $50 one year ago .. Given growth $100 is on par or above.
NFLX was only $50 one year ago, and about $100 less than six months ago. $98 seems reasonable.
Forbes says $98. Why fight?
Possibly down to $130 this week.