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Netflix, Inc. Message Board

  • lindawee37 lindawee37 Jan 8, 2012 10:50 PM Flag

    CSTR v. NFLX - the up trend

    of NFLX is 500% stronger than the down trend of is heading up, other is heading down...

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    • CSTR is going to go up, and Netflix back down. I am a current Netflix customer and have been for several years. I canceled my 2 disc a month plan, but kept the streaming. I use Redbox several times per week and use the netflix streaming a lot too. I like Netflix streaming for documentaries and some old TV shows, but don't like to wait 4-5 days to get DVD's by mail.

      More importantly, every time I go to the Redbox kiosks there is a line of at least three to four people. I also think Reed is a pumper and drops these headlines prior to massive misses. I was short this stock for 80 points of the downtrend and got off too early. I have listened to enough of the companies conference calls over the last few quarters to know that they will disappoint again.

      I know the longs are getting there way now, and I congratulate all of them, but that is going to end in two weeks. I began to dip my toe on some short puts towards the end of the day on Friday, and I may be in for a little more of a loss. But come earnings I feel bad for the bag holders that get caught being long this stock. I just hope that it isn't the same longs that got cracked last time. Judging by the board here, it seems like the same people by the overconfidence and super bullishness. Good luck all!

127.50+4.1500(+3.36%)Oct 21 4:00 PMEDT