Even mad man like you sometimes can be lucky and makes money. But in the long run, you should be a loser.
The day NFLX sees profit is also the day of reckoning. It's a $50 stock in the long run.
This stock is due to crash into reality.
50cents X 10shares = $5/share. This POS is actually losing money. When will it gain the earning power of Cisco ?
These kind of people usually kill themselves in the end, but they can cause a lot of collateral damages in their way to their own destruction.
The truth is there're only so many people who have the time to watch junk movies. Since it's so easy to subscribe, almost anyone who likes Netflix must have already signed up. Where the new subs come from ? Next quarter sub growth could go negative.
Soon you'll wake up one morning and learn that Icahn has already sold all his shares. Too late then. Icahn is a Con Artist. Everyone knows he's a price manipulator. For a company with anemic profit and sub growth, it's definitely a Ponzi scheme.
Beat on what ? earning ? you guys always said earning doesn't matter. The whole business model is a Ponzi scam. It needs ever more subs to cover the future increasing cost. Without new subs, the company can't sustain itself.
And you'll miss all the live sports and news that drive the worthy people. My guess is you must have voted for Obama. Stay home and watch junk movies and collect checks from Obama.
Figure it out !
In addition, many states start collecting tax, which takes away the on-line tax advantage. The on-line competition is very tense. You can find the same merchandise at lower price at other web sites. Even if AMZN can grow its revenue, it would be done at the expense of profit. This company just can't be profitable in the long term, that's why the company has to keep increasing revenue at all cost. Once the revenue growth stops, you'll see an emperor without clothes.