What a shock with triple witching tomorrow and 11,500 $95 call options at stake (and 9,500 $95 put options) [that's 20M shares of premium] that NFLX has bounced off $94 all week with the markets way down, and it miraculously ends up at Max pain of $95 this afternoon.
Should have the opposite affect, as there are only a few buyers with enough capital to pull off buying NFLX, and one of them (MSFT) is now out of the picture after spending all of that money on LNKD. Should be negative for them.
#1 - their cash is overseas, so they cannot use it w/o a massive tax event.
#2: they could use debt, but that is still dilution dummy. Do you think investors don't value the cash in the stock price? There would be zero synergy in this deal to make up for the 300x P/E of Netflix vs. the 12 P/E of apple.
Good luck counting on that. It is not going to happen - name the last large acquisition apple did. The dilution will crush apple stock, and it won't even help their growth much if at all.
That will never happen. AAPL can reproduce NFLX in a couple of months (just like AMZN did) on the cheap - why would they pay $50B for something they can create for less than $1B.
This pig is now within $7 of where she closed prior to that disaster of quarter .. how quickly everyone forgets what a mess this company is in financially.
$102.04 is the Fib retracement resistance prior to the 200dma ($104.58). We see if she bounces off of the 102.04, otherwise you could be right and 104 is in play prior to the weekend.
yeah - because the Chinese will never pirate movies, right?
The Chinese will never pay for Netflix - good luck with that dream.