I expected upgrades to come. GS should have raised targets to $250 or $275..
A target of $185 shows lack of confidence when stock is trading in that range..
Stok will do wild things tomorrow... I was hoping a bounce to $200+ but this may not happen..
The AH bounce was mediocre compared to past bounces on low volume. I'm afraid that the market is wildly exuberance at this point so it doesn't matter if the numbers doesn't make sense. This feels like a pump job IMO and the market bought it. They could have all the growth that they want, but as long as they are spending mega bucks to get these growths (which I think they do) than it will be all for nothing. House of Cards will cost them 100 million plus in production and advertising expenses and the other shows will be similar. They are buying the hype to stay afloat. How can they make money with all these expenditures even if the subs will continue to grow and 27 million subs is already a quarter of all households (114 million) in this country???