As soon he started pumping this stock yesterday, the stock stopped its fall, and has now jumped almost 4%. That guy has a huge impact on this stock with nothing but BS.
His point - "yes, I know I have been wrong all year on NFLX as their new subs are now declining, but I expect massive growth next year (he thinks the already saturated US market will lead the re-acceleration in subs). It's my # 1 pick!"
What a shock .. this stock shot to the moon on China "entry" plans and forecasts. Now they announce it was all BS, and the stock is up today anyway. More proof of the complete scam .. stock dipped pre-market on the news 5%, and then it was pumped up to positive now!
It was amazing to watch - see popped down to $100 on heavy trading, and bounced off it like a cat out of Hell. Clearly some program buying on the dip to keep it elevated through today's option expiration!
NFLX core business worth less than 30% of current value. Stock is where it is based on momo players and buyout rumors. How can any company justify the premium needed on a $46B market cap + Debt + cash flow losses? All of Time Warner is valued at $62B, which includes HBO. HBO on its own is far more valuable than NFLX. APPL or DIS could buy Time warner, be immediately accretive with huge profits, and have better content and distribution.