Was fed up in the past 2 months with the stall while other stocks passed us by and the S&P made new highs. Wondering what brought this F&F back to life ? We've been having good construction and housing news this summer but it wasn't doing much. I know that there were talks about replacing F&F with something else and that had put a damper on the run. I can't find any news !
Who said that earnings and outlook were revised besides that jerk analyst ? how did he guess the gross billings were down last month ? He was speculating because he wants to get it cheap. I think they will guide higher given that they are ramping up their fulfillment business this Holiday season. GRPN is its quiet period now so can't defend the stock today.
Forbes has no weight on this stock. Icahn has more and his selling news has already brought the stock down in AH. We should see it below $300 for a long time. It won't crash to $200 but it will stay flat but it won't have the same run rate as it used to have. A majority of the run on this stock is really hot money and traders. Once they leave, no one will prop it up. There are many companies that make more money and have lower PEs than NFLX and the hot money will chase another stock. I think the NFLX run is over for this year.
When smart money sell, they almost have a blow out top. The stock will keep going higher until they unload.
Icahn doesn't need to sell at $399. He is happy with selling at $341 because his cost is so long. He doesn't need to lick the last penny like most retail longs. He is smart and uses his clout to run up the stock. Look at how APPL performed after he announced that he had added more. You should take your profits from NFLX and put in AAPL NOW. Icahn is going to run AAPL to $700 before he will stop. With so much cash around, he will be fishing for the next one, could be GRPN or more AAPL. Don't forget we've a new iPad coming out and the holiday season is just around the corner. No one will have too much time watching NFLX in Nov/Dec when they are out shopping.
Sentiment: Strong Sell
The longs were lead to believe that the party will never end while the shorts panicked and covered at all cost. This is a typical WS scam and I knew Icah would be smarter than a lot of you. In fact, he may have engineered this whole run up with one hand buying and another one selling so that he can cream the shorts and allure the last retail so he can unload. Well done Icahn, well done !!
This is it for a long time that you'll see. Hastings know that he will get a a class action if he doesn't say anything and the the stock crash later if growth slows.
For only $32M in net profits, it doesn't warrant that kind of climb yesterday and in AH. You longs were just too naive. This is not a $1000 stock like GOOG. At least GOOG's PE is less than 30. What about NFLX ?
Greedy pigs get slaughtered. The RSI yesterday was over the moon and the MMs were playing the CMG psychology with NFLX longs. Most longs were left to believe that NFLX will have a $50 point jump.
You could have waited. Someone predicted that it will be a down day for NFLX. He must have been a prophet.
did he has an insider leak ? I didn't think that August could slow. Their offerings were much better than past quarters as they turn more aggressive on selling goods rather than services. I personally bought a ton of stuff in August/September time frame. Wondering if he is taking advantage of the quiet period and management can't defend the stock so the price can come down for an earnings run. THoughts ?
I wouldn't say that they have no competitors. The cable guys won't give in and AMZN will jump on more action coming up. The next thing you know could be free AMZN Prime for 6 months to lure people away from NFLX.
I didn't think that the exclusive content is that good anyway.
Growth with less than $40M in quarterly profits and the cap is XX B. This is no GOOG. You guys can dream of $1000 like GOOG but you may as well move over and buy GOOG instead.
AMZN should be stealing everyone's lunch. Why let a video rental company dominate this market ? Pretty soon, NFLX will be raising prices if someone else doesn't take action.
In the end, it would be the longs as bag holders. This is no GOOG. Look at GOOG's PE compared with NFLX.