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Technology Stocks : Netflix (NFLX) and the Streaming Wars
NFLX 1,116+1.2%1:45 PM EST
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To: walking corpse who wrote (1754)10/21/2018 12:06:24 PM
From: Zen Dollar Round  Read Replies (1) of 2280
 
Nice username/post combo.

Depends on what you mean by "dead." If you're saying NFLX will be under pressure in the near term and will be flat to down, I agree. So is the overall market, the other FAANG stocks (not AAPL as much) and I don't think we're done with this correction yet.

When the gains made after the blowout earnings announcement evaporated in just a few days, it told me the market is overdue for the selloff we're now in. If the market were flat or up and NFLX was behaving like that, then I'd be worried.

If you're staying NFLX should be sold completely and it isn't worth owing well into the future, I think that's dead wrong.

No other streaming company has near the lead Netflix has in producing their own content and getting footholds in new markets overseas where most of the new subscriber growth is. I don't see the likes of Amazon, Disney, Apple, or any other major studio or content owner can come close for the foreseeable future.

I would use the lower NFLX price as an opportunity to average down if you already hold a position at a higher price, or to accumulate more moving forward. Any major dips should be bought along the way if you're a long term investor.

If you think Netflix is in trouble or that NFLX won't be a good stock to own well into the future, please tell us why.
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