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Technology Stocks : Netflix (NFLX) and the Streaming Wars
NFLX 1,122+1.7%11:49 AM EST

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To: ggamer who wrote (1802)1/15/2019 10:05:37 PM
From: Zen Dollar Round  Read Replies (1) of 2280
 
I'm just saying the timing of the announcement is suspect.

I thought Netflix did well in the previous earnings report, and the stock was up substantially after hours, but gave it all back and more after the conference call and trading opened the next day.

Are you saying the additional $1 billion in revenue will come from the price increases? I haven't done the math, but they will obviously lose some subscribers over the increase. People are also getting streaming burnout with so many services available these days, and Disney and Apple will come online later this year as well.

Considering how much debt they've taken on, even $1 billion in more revenue is only a fraction of it.

I'm not saying the stock will definitely go down, I don't have a crystal ball, it's just had a huge run up in the last 3 weeks and is primed for some profit taking. The market will use any excuse to do so.

I believe in the long term strategy Netflix has, I was just suggesting an short term put option play might be profitable. One for options expiring from next week to one month, no longer.
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