SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Netflix (NFLX) and the Streaming Wars
NFLX 104.35-1.2%Nov 21 9:30 AM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Rarebird who wrote (599)10/26/2011 10:29:58 AM
From: Rarebird3 Recommendations   of 2280
 
Everyone here was warned about the stock so there should be no excuses if you were long recently. What amazes me is how some people who made a lot of money on the way up will give all (or most) of it back on the way back down. A stock, like NFLX is nothing more than a tool to profit; in reality, Netflix is just your typical greedy US Pig Corporation that is looking to rip off the average American Consumer and that consumer was in a position to stick it to Netflix.. The only reason why Exon, for instance, hasn't suffered the same fate as NFLX, is because they are dealing with an essential commodity that people need.

I don't even want to get into how incredibly stupid the management of Netflix is. Netflix must have mistakenly thought it was Superman to the American Public. The more important question is where the stock is headed. The stock is still overvalued, but only modestly so. However, when a momentum stock like Netflix gets as outrageously overvalued as it did on the upside, it tends to get outrageously undervalued on the downside. That is to say, stocks like NFLX take on a life of their own and momentum works both ways.

This stock is still broken and should not be bought until a long term basing pattern is complete.

Personally, I would wait for the current CEO to resign, along with others in upper management.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News