Agree. The show is too dark. It's an attempt at copying the British orginal. Doesn't capture the Light Fun Evil of the Brit production, which incidentally is available on Netflix. House of Cards is not a Sopranos or Breaking Bad 'must see.'
It'll correct with one negative subscriber quarter IMO. Failed financial model? I dunno. Netflix can tap advertizing, PPV for newer flicks and it seems to me they are in a much stronger position negotiating content packages. Maybe the stock is a tulip but the company's financial model is okay.
There is no question it's bad juju. And it doesn't even require manipulation between firms. Brokerage houses, banks, hedges, insurers, mutuals and investment bankers all play, which is why there is no reform. Some estimate 70% of NYSE volume is short-term. I hate to admit it as a day trader, but the answer is very very simple: painful surtax on very short term gains. If you trade a stock in-out twice in a month, for example, an 80% gain tax. It would kill day trading and the options market. But it would create a much stronger securities base.
Interesting observation on watchdogs forced out. Thanks.
Eighteen months ago it looked like Netflix might be headed for BR - huge obligations, risk of customer turnover, it's international business incurring major losses, no borrowing power, big bad Amazon in the rearview mirror.
Since then: subscriber base growing steadily, content purchases balanced to cash flow, no sign of Amazon, Verizon-RedBox streaming a bust, Netflix's position negotiating content deals much stronger.
I don't know if they will succeed big time or fail big time. None of us do. But we are seeing a new industry evolving - and that is fascinating.
If you day trade as your moniker suggests, then you are observing two things. First, there are huge spreads on the bid and ask, sometimes only a few hundred shares separating a dollar in price. Second, observe all the 100sh transactions. They dominate NFLX daily volume. I've day traded successfully for 13 years. Never seen the like. It's pretty obvious: program trading automatically weighting the buy/sell based on accumulated price offerings. Ergo regular transaction volume is actually much smaller than daily volume suggests. Ergo moderate sized transactions can move the price big time.
So IMO it's not evil 'manipulation'. It is smart people doing what your Congress and your President allow -frequent trading. It could be stopped easily enough.
It's quite possible this trading is being conducted by federally insured banks. Congress could stop that too.
Anybody know if the Volker Report addresses this problem?
We all know what this issue is about - sensitivity to the Hispanic vote. In general they are voting Democrat. The Republican coalition is fragile at best, so they want Hispanic votes too. Ergo no tough border enforcement. Ergo no territorial integrity. You can say 'immigration is good for low wage jobs' or 'sheltering the oppressed' or giftwrap it any way you want, but ultimately it's about votes.
Nobody said representative government works very well.
Definitely, for voting, employment and benefit eligibility.
The ACLU types who see voter ID's as akin to Hitler leading to the idenfication of vulnerable groups are sadly ignorant. We have a Constitution. Other modern countries have ID's. We have ID for SSI, Medicare, Food Stamps, driving, etc. Why not just one?
I am with you.
I bought from George in the old Houston days. And I've made money trading JOSB over the years. MW's current mgt, I'd prefer JOSB taking over.
Immoral? What planet do you live on? They may not book all obligations but they are footnoted. Public! Buyer Beware. The disagreement is as old as CEO's and CPA's - is it reasonable to book certain obligations when the revenue side cannot be reasonably estimated.
I wish we'd had him during the American Revolution. Sometimes eggs get broken.
If you can get past your bias, consider how Mandela consistently fought the most violent elements within the ANC. And has subsequently.
I am about as conservative as it gets. We already had an absurd health care system taking 20% of GNP - Congress protecting drug patents, ambulance chasers, judges, insurance companies, the medical profession's 'do no harm' nonsense, outrageous medical costs because people gorge and sit on their butts, etc.
Trying to overlay the extension of quality care to everyone was the worst possible solution - and the most costly as you know. Straight government-run care would have been better.
But then foreign doctors wouldn't come from all over the world to reap the USA bonanza.
If you read the instruction label on representative government, there are no warranties.
Sorry about your plight. Merry Christmas to you and your family.
I agree Netflix is probably too high. But that's immaterial - except as a caution against going long. The 'it's overvalued' chatter is just that. It is the 'when' that counts. Dell and Yahoo were overvalued for years. Amazon still is.
'The day traders will jump ship. . .'
Day traders 'jump ship' every day. Otherwise they'd call us 'not-day traders.' For those who traded all day, watch for their normal cashing out bump 20-30 minutes before the close.
Gotta keep fat unmovitated kids doing something. Otherwise, horders will be coming down my street ineating houses.
Not manipulation IMO (in all the public reporting of individual fund holdings there is no evidence of that) but clearly 'riding this pup even higher' is taking place.
Look at your own Watch List stocks. Do you see much upward potential in any of them? This market is overbought, which encourages funds that must place money to put a little more momos. It's textbook market topping.
I am probably more conservative than you are. But even I understand the necessity of minimum wage - fencing off near slavery wage abuses that can and do occur in totally unregulated capitalism, a protection against revolution, a practical necessity.
Think of minimum wage the same way as bank capital reserve requirements, truth-in-lending and auto fleet gas mileage standards.
The fact is the cost impact of raising the minimum does not flow back evenly, so your assertion about poor people 'will not be able to buy more' is untrue.
Argue against ten bucks if you will. I probably agree. But your arguments aren't against ten bucks. They are against paying any minimum wage - kneejerk and irrelevant.
Is this supposed to counter Dem city/state bankruptcies? What a stupid argument. You have too much time on your hands.
Rethink it. Momo new industry stocks do not follow the market by definition - except in extreme situations.