I'm not a day trader because I heard that's dangerous, but this is getting me nervous with all the bad news.
I bought the stock because I watch movies and so does the rest of America, so I understand the business. Like Warren Buffet loved Coke so he bought the company's stock.
I've lost some real money now and am waiting for the CEO to turn this ship around. Can he or is this ship sinking like the Titantic? Should I sell and invest in Coinstar or hold for a little while longer and see if the stock goes back to $285-$300?
i'm ion the same boat just looking for some advice. Not a day trader either. im in at 192 and tried to catch the knife and got cut a little. Very nervous and dont want to sell and amazon or apple take it out
Re: Calling The Top
I must admit that you made a brilliant call. However, I thank God I have only been looking and following the stock for a few weeks and have not purchased or shorted. What's...
Business & Finance > Investments > Stocks (A to Z) > Stocks N > Netflix, Inc. (NFLX)
You have a serious problem. Please, deal with it
You probably will have chance to buy it back at much lower price, say $40 a share... Look at the volume is huge, and typically a stock with a drop like yesterday, tends to bounce back a bit at the second day since traders are betting on retracement, but didn't happen here. It shows this stock is extremely bearish, you will see a much lower a price weeks or months ahead.
I have been a netflix subscriber for years. I went from unlimited streaming and 2 disks for 14.98, to unlimited streaming and 1 disk for $16.98. We are now going to drop the disk and do the streaming for $7.99. I have two Blockbuster Red Boxes with in a mile of my house. Enough with Netflix. going to be 1,000,001 lost subscribers.
I can get 8 movies a month from Red Box and still be ahead of the game.