Just as I would never buy this thing at 300, I would never short it at 85.
All of the bad news is out now, choppy trading the next few days then a big bounce into year end for this one.
See RIMM, with the "perception" that AAPL was the ONLY game in town:
Last major dip traded 32 mill. We are going to what's the volume tomorrow. My hutch is it will be > 32 mill.
Feel sorry for the people I know working in NFLX. Major hurt and it won't be back to the high for a very very very long time.
Isn't that a partial quote from the "Orifice Of Omaha" Warren Buffet, who bought Bank of America at $7.14/share, in a futile effort to instill optimism, strength and growth? The same stock that has dropped steadily since his attempt? Enough said!
Be greedy when others are fearful... and be smart when others try and imply that reciting catch phrases are synonymous with prosperity.
What is the REAL outlook for the company, not some fluffed forward looking optimism spewed by a parade of shills, cheer-leading the concept of establishing stability through an intensified practice of acquiring more debt.
What are the REAL reasons why the stock has lost 70% of its value in a few short months? I'm not looking for an answer, but I hope that anyone considering chasing what they feel is a beaten-down stock, demands an answer that they derive on their own.
You can always see if Cramer has it in his Action-Alerts portfolio!
Don't think so, all the bad news may be out but there is no bounce left in this dead cat except for the shorts covering.
Didn't you guys read the release??...They won't make any money next year!!!!!
When are long investors going to realize that PE's should be looked at prospectively?
Assuming they make $2/share in 2013, then I'd suggest a fair price for this might be $24. That's the market PE.
Get ready, it's coming.
i did mean this stock, between now and next quarter there will be at least 2 reports of buyouts (which is great for the short term trader), plus they'll blow out their guidance which is ridiculously conservative.
all of the bad news is out, the stock needs to bottom now before it can go higher. we're very close to the bottom, risk is now to the upside.
get up to speed...everyone who has bought today at the lowest level will lose money. nt is losing customers and time is not on its side. Competitors will eat this for lunch....many stocks used to be worth lots.micro..aapl.qualcom all had there time in the sun..netflx may never break 100 again. It is all downhill from here..not to mention its biggest loss in share price is not from competetors..its from bad moves internally.That is why this is called a broken stock.....it has no bottom.