Netflix (NFLX) and the Streaming Wars Message Board

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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 10:12:50 PM
From: ChrisGillette	2 Recommendations Read Replies (1) of 2280

<<I know everyone trades perfectly, right? If anyone wants to come here and say they trade perfectly, they can, but I won't believe them.>> To be clear, I revisited the exchange simply to highlight the level of media brainwashing that was going on 18 months ago. People who used Netflix for years and loved it all of a sudden thought it was going broke? Why? Because it had 1 disappointing quarter and because the fools on CNBC said so. Fast forward 18 months and everyone's in love again. Yet nothing fundamentally has changed. Netflix was spending $2 billion/year on content then, and it's spending more now. So if content costs were going to kill it, then it would already be dead. At this point, now that the $200 target has been reached and Netflix has regained all of its former momentum, I'm curious about opinions going forward. At $200, is Netflix a buy, sell, or hold?

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