This morning Cashin said the Nasdaq made record highs on negative breath, and it's only happened in '99 but he doesn't think it's scary!?
I was a bull on NFLX in the summer of 2012, just before C.I
( I thought it was worth $125 while it moved from $77 to $58 and back)
I only became a bear after NFLX hit 700 (interday), and then dropped to $680 or so (forget).
I was a NFLX bull in Jun of 2012. I believed in spending would-be profits for growth... I would still believe in it at around $10 per share (low 70s adjusted for the 7-1 split), probably, I would believe in it at twice the 2012 price ($20/share).
I used Netflix and thought it was decent, for the price. Recently we were offered a good 1 year deal from Comcast and HBO (no more being 1 year behind in GOT), so we took it and dropped Netflix.
Maybe I'll go back to Netflix, I don't know. When our current deal is up we'll look around. Anyway, I no longer believe that this expansion is the "once in a generation" chance that the CEO said it was in 2012. I expect others to show no loyalty to a particular provider...I expect some loyalty to shows (until the show jumps the shark or losses writers, or gets old...) and I expect loyalty to ones pocketbook.
I'm not particularly negative on Netflix, just NFLX (above $36 or so).
I used Netflix for several years, but recently HBO and Comcast gave me a pretty good 1 year deal, so I left Netflix; I may well return to Netflix after the year...I don't know, it just depends on what offers we find.
My sentiment is for valuation.
In 2012 when NFLX was in the low 70s (before going to $58) I thought it was worth $125, and I think it may be worth twice as much now, but that's $250/7 which is around $36
I don't have a guess...you seem to be guessing that it loses half the post earnings rise today, hmm, maybe.
I'm not just bearish on NFLX, I'm bearish on the markets as a whole.
Most humans are followers, I don't mean this as criticism, exactly...I just believe that's at the heart of the answer.
Was, may be again some day; but I'd watched most of what seemed worth watching on Netflix and HBO offered me a pretty good 1-year deal.
I thought Netflix was priced right, which is what I liked most. The streaming movies were not that great, and I had to be a year behind in G.O.T. and Doctor Who...
But I didn't quit Netflix because I was unhappy, I quit because, for now, I think I have something, maybe better--certainly different, which when it comes to movies...is better: we can't watch the same old stuff all the time.
One day chart doesn't look good for you
five day looks alright for longs,
one month, looks decent too,
But the three month, still looks bad
Ditto one year,
Ditto two year.
Yes...where there is one dishonest report, there are bound to be other cases of desperation, delusion and purposeful deception.
How can you see this as a positive for TWTR longs!?
Hint...if absolutely every consideration seems to you to lead to an imminent rise in TWTR shares...you're probably not being remotely objective and shouldn't trust your own judgement on this issue.