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Technology Stocks : Netflix (NFLX) and the Streaming Wars
NFLX 109.97-3.6%Nov 19 3:59 PM EST

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To: J.B.C. who wrote (892)4/22/2013 6:50:30 PM
From: Zen Dollar Round   of 2280
 
Can't we all just get along here?

Sounds great to me!

NFLX has been a good trade for me too. Bought in years ago around $14, sold out at $210 (on the way down from $300), bought in again twice at an average cost of $113 (again on the way down), held it all the way to the low around $55, then rode it back up to its current position. I feel blessed that it didn't tank further when it was at its lows, but Carl Icahn pulled that one out of the fire for me.

I didn't buy any more near the bottom, nor did I buy again on the way back up, but I'm pretty happy with how things have turned out so far.

NFLX is extremely volatile and usually moves in a big way around earnings (no news there), but I still think they have the upper hand in the content streaming business. I was worried about how producing their own exclusive content would work out, but so far so good.
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