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Netflix, Inc. Message Board

  • trading_god trading_god Feb 3, 2013 8:23 PM Flag

    I am not buying Qtrly earnings report.

    Remember they reported turn around 4Q 2011? Of course stock jumped, then it filled the gap and went hitting new lows. Where is consistant trend? Block Buster had claimed turn around here and there before it went bellyup. In this fast changing tech world when you're gone you're gone.
    I am not sure if this is legal, but often they manage books. Instead of spreading out the revenues, they dump into single qtr. I hope this is not the case but I don't feel comfortable being investor to eccentric CEO Co. Time will tell. Investors have burden of proving this time is different. This stock was held by short covering and overall market.

    When Nasdaq reverses soon, this stock will go down at least 5X faster than Nasdaq. Market is very efficient in the end.

    All it takes is little bit of patience. Some things happen lightening fast, but others take time to build its momentum. It will fall on weight of itself. And I am betting on it, and I will sit it out. Everyone will kick this one when it's down. It will happen soon.

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