Down would be logical, but this stock is never logical...despite no emmy wins, millions of people just heard about netflix's original offerings via the emmy broadcast and the red carpet....and how else to bing watch breaking bad? $ for now, there's no other game in town....$10/mo is nothing to most people who are now used to paying at least $1k/year just to be entertained at home via the boob tubes. $600 stock by end of year unless serious competition shows up.
It does almost exactly the opposite of what you think it should. It feels like too late to go long, but look at all the stocks that got to 500 and kept on going, some in 4 figures. I've been trying some puts here and there, but I think it's time to join the bandwagon and cheer it up to 500.
NFLX amazes longs and shorts alike. While it's been a long's delight for months/years, it can also drop like a rock quickly. I don't think it will ever see 1000, but I didn't see Priceline over $1k until it went warp speed out of this average retail trader's solar system.
You do realize that 1996 was almost 20 years ago. If it's a 50 year bull market, for whatever reasons, why would you want to miss it? The infrequent storms or corrections seem worth the risk - it's always come back, and then some.
It is crazy...and I think that's the point. But since the country and markets have been thru far worse, I guess the PTB thinks we'll get thru it OK. Meantime, it's like being at a party and not having a good time surrounded by drunk folk who seem pretty happy with their decision to party like it's 1999 again. That said, the Artist formerly known as Prince was right!?
But it works just about every time for momo stocks...shorts just fuel the fire thinking gravity plays a role when you're in high orbit. It could be worth $300 in 2013 dollars, and who is to say it's not worth more in 2020 dollars? Only the people and robots buying, and so far, things are looking UP for NFLX based on market value... it's supposed to win according to the investors...it has to win. Therefore, Cramer is correct and just saying what's true about any stock that has a PE over 1 (even if 15-20 is historic norm).
Nothing short of it....no competition except for cable and some niche players. But if 1B subscribers pay $10/mo each on average, and management still has to pay something for the content, how do we justify the $14B cap it enjoys now? That said, is this just a bulls/bear contest (bulls are winning), or is it already known that there will be no competition to speak of, hence 2B subscribers and/or $20/mo average subscription is just a matter of time?
kinda agree - so what's the secret number? Dow 21,000 seems nice and I think we were supposed to be there before the speedbump of 2007-2009.
Yeah, but it's a shame (or sham) that the main reason a stock price increases 400% is because of short squeezes and momo runs....What value is there in the brand for buy-out? Blockbuster went BK once the compeition heated up, and it had a great name - this could have been BB's story - brick/mortar to mail to stream, and all those reward points could have meant something to the users. Instead, Google and Amazon will probably come in and drink Netflix's milkshake. I'm surprised iTunes didn't drink the milkshake. Then again, why not Comcast or a Satellite provider since you need internet in the first place to make the order?
This wants to be in the 300-500 club. I don't even know how it makes a profit or plans to keep the competition away, but it doesn't matter anymore. Amazing story - 300 to 50 to 300 in 24 months.
It's a stock of a company that sells media produced by imagineers....imagine it at $300 or $400 and go long. That's what the market is saying, until something better comes along. Blockbuster is out of the picture. I see the kiosks for redbox and such, but no one cornered the market like Netflix except for Comcast and DirectTV. People want to be entertained, shorts can't fight that.
Until the Morale improves (among the shorts).
C'mon people, we know the only way this is going down is when folk either:
1) stop wanting to be entertained (i.e. hell freezes over).
2) get bored with pumping nflx stock (i.e. hell freezes over)
3) something better comes along (always a possibility...but probably not for a long while)
I can't believe it went down to 60 not long ago - that was a gift to longs.You can rent the movie "NFLX - the Motion Picture" only on NFLX!
Prob kicking himself for not waiting for $183.22.
Why do folk think any insider trading is important?
Everyone loves TV/Movie - Netflix delivers that like no other competitor, and people don't really want to think about the other competitors - it was bad enough when Blockbuster couldn't keep up.
The stock will go where the buyers want it to go. The shorts are only helping it get there faster.
Thanks for the reminder. Rockers are always way ahead of most...but it's nearly impossible to escape the gravitational field of big money....fortunately, the animals don't have any concept of it, otherwise, I'd imagine birds could be paid to dive-bomb an enemy, and desert lizards could be inspired to gang up on unsuspecting hikers.
The good news, I guess, is that these Big Money folk are still just human flesh and blood, hence, no one lives forever.
Logical thinking and probably the story.
Sounds like same as it ever was, but with smartphones and dangerous WMD's. If that's true, then we'll probably experience a lull of a generation or 3, and then the future will call again, innovation, renovation, etc etc - the smart get on the winning team, the dumb and dumber on the losing side...and the great wheel goes round and round and round.
That said, there should be a "Loserville" for all those who naturally become disenfranchised due to their instinctive behavior to get suckered (or bad luck) rather than scream, kick, scratch and claw to get into the winning column. Mobster used to simply knock each other off to claim the territory, but I think we can do better - one huge game of Jeopardy where the losers get taken behind the sound stage and shot on national TV. That will open peoples' eyes as to how high the stakes are, and the options to live a long dull life, or one of pure adrenaline with possibility of death based smarts rather than the usual War games available to the soldier of fortune. Also, kids of slaves should be allowed to sue their parents IF the parents knew they were slaves and consciously had children anyway.
We have no choice but to go along with whatever the top brass decides, and pay the consequences, that much is pretty clear, therefore the saner person simply focuses on their family and home decor. Same as it ever was.
What's fascinating is to think what we have done 20 years ago? Kuwait had to be invaded, I guess this is close enough - don't mess with the flow of oil, or else you get beat up. What's kinda funny is a lot of fighting in the old days in the area was over Olive Oil.
Thanks for asking - I have the same Q - GLD is not just down, it's down huge while P-gold is actually up, or at least flat. Even in Bizarro world, it doesn't make sense. Or does it?
Maybe someone big needs to cover and it has to be at the right amount...it's making 10cent moves pretty fast. I got off at 70 cents after picking up in the 20's...blockbuster taught me a lesson in BK shares - they got halted after a nice rise only to come back near zero. It's a game. But this could go above $1 again before it settles at where ever it's supposed to be at.