Netflix (NFLX) and the Streaming Wars Message Board

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Technology Stocks : Netflix (NFLX) and the Streaming Wars

NFLX 104.31

-2.5%

Nov 25 3:59 PM EST

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To: Glenn Petersen who wrote (417)	4/27/2011 12:48:24 AM
From: 2MAR$	2 Recommendations Read Replies (1) of 2280

NFLX $229 ,sheds 9% (23pts) today off that triple top test @ $250/54 area even with what seemed to be blow-out numbers . The news i posted last night out of Google vamping up its YouTube movie rental offering , was also repeated today in the WSJ , sure to have an effect . online.wsj.com Been alot of insider selling & funds reballancing plus it was just plain overbought but at these multiples there's just always concern in a space that will prolly soon get crowded (low barriers of entry ), guidance that was a bit light and rising costs for content & expansion . Take a look what happened to TZOO today when FaceBook announced a Groupon initiative of its own , lost 14% in a day ...had a feeling there would be some kind of announcement from one of the competitors just after NFLX eps too . They're trying to pump up Facebook's worth ahead of its IPO ... See how it handles the 50ma @ $225 , barring no more similar announcements out of AAPL , WMT , Facebook etc to rattle the cage , its still sporting a high PE here this just a normal "reset"...though AMZN sure got a pass today <G

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