PBS and ABC have agreed to streaming their nighty news on Netflix with a one hour delay.
Scared you, didn't I? The old technology is slow to give way, but it will eventually - particularly PBS where I get angry every time I see my tax dollars being thrown to wind by government dictatorship.
Tops are harder to figure than bottoms. That's mostly because there's a lot of 'dumb money' in play when a stock price is stratospheric. Presumably, you did a pre-purchase analysis giving you two numbers - your worst case 'sell this dog' price and the price where you expected it to run and begin taking profits. If you consistently leave lots of money on table, re-examine your analysis. It may be that you exited at a wise point where staying longer would have exposed you to very high risk. In my experience having the patience to wait for an ideal buy price and enforcing stop losses are more important than trying to catch tops. If you are making good money, don't beat yourself up.
Netflix management is one step ahead again. Whether or not you think the stock is correctly valued, you gotta admire their management hussle.
EPSN took out the networks by figuring out how to monetize sports interest. You may not like the result: poor people no longer having access to televised sports, college athetlcs now totally profit-driven and your huge cable bill. But that's the market. Netflix is changing the world by figuring out how monetize 'on demand' convenience and multinational availability. Their latest looks like a solid attention.
Indeed. A very successful one. Jesus said lawyers contribute nothing to the harvest. Look what happened to him. I ain't fighting the trend.
It certainly looks vulnerable - dog days, a month into decline and wallowing sideways the last few days. Better than even odds it will dip below $400 IMO - nothing traumatic. Good luck all.
After reaching a peak NFLX declined steadily through July. My guess: the trend will continue into the $300's - and then the stock will try to find a bottom. Good luck all.
'They' at it again. You nuts see conspiracies everywhere. A stock moves 3%-4% and you see manipulators. Good grief. Have you no education? Read? Learn markets? Fool.
Take it from a very successful chartist: nothing is 95%. Right now Neflix wallows in the $420's. It is unclear whether it regain upward mojo or test the $300's. Given the Seinfeld rumor (which is important) and the Emmy's hype, I'm surprised the stock isn't zooming.
He's right about Icahn having taken most of his chips off the table. It was reported eons ago. As for Netflix being a 'mature momo' I was referring to the stock, not company growth. That seems self-evident. The stock has zoomed more than sixfold since bottoming. Five percent stock moves which had been commonplace are now unusual, which is why most traders have moved elsewhere.
Don't think me disloyal (I like Netflix service) but idea of them competing with cable seems a little farfetched to me - at least in the foreseeable. ESPN deal in Netflix? The networks? Local stations with their all important news/weather? Even wild man Hastings isn't dreaming that.
. . . edging slowly downward all of Friday afternoon, a straight-line decline. Not a good sign for longs. Netflix (in its maturation as a momo) has only been presenting one or two good trades a month. We're on alert for Monday, ready to short if its gaps.
Be careful. Have fun. Fire up the Cessna.
BIGSKY on this board was silent on the best lures in Montana. He is either a fake or a #$%$. Red worm's are working! From Yellowstone Village . . .
My 'looking for direction' means the stock had not firmed. Note the drop this AM as predicted. Good luck.
The evil old 'they' conspiracy at it again. Give me a break. NFLX after dropping is looking for direction. No one is certain - funds or individuals. It weakly held $427 during the afternoon, which is the low volume (minor action) part of the day. Probability is tomorrow morning NFLX will drop and test a lower level.
'They!' What a joke. American education is worse than 'they' planned.
That's the Rep - earned by rookies who crash and burn because they lack discipline. But others play the small daily moves very successfully - working half days. It's a great living.
The French are fatter and lazier. Germans don't have time. But even old American stuff is better than most of their stuff. The big international question: is someone already providing the best of Netflix's content? Dunno. Do you?
Because they are day traders going to the wallet after a great day. Happens all the time. While others sweat worrying about what tomorrow may bring, they sleep like babies.
What's gotten NFLX so high is near perfect execution for two years - strong subscription growth quarter after quarter, adding content while staying within available cash, aggressive marketing in the best viewer segments, etc. Plus competition has not materialized. IMO if management gets defensive, they lose. If they remain aggressive, a $500 plus stock value is very possible. Even saturated they have lots of options RE pricing, special broadcasts, cable deals, advertising, new content, supplemental pay-on-demand for top films, etc. What I do not understand (along with everybody else) is how they will be received in foreign markets - and the competition there. Is offshore potentially huge? Is Netflix management enlightened in that regard? Dunno. That's my two cents . . .