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Technology Stocks : Netflix (NFLX) and the Streaming Wars -- Ignore unavailable to you. Want to Upgrade?


To: Rock_nj who wrote (44)7/4/2003 9:48:24 AM
From: Paul A  Read Replies (1) | Respond to of 2280
 
Since the day the service started people have been calling it a flash in the pan..

I think NFLX is going to be one stock to have in your portfolio for at least the next year.. It has been slammed by short sellers, and although your gains would have been impressive if you invested earlier this year it still lags behind other great growth stories.

THe fly in the ointment right now is the overall market is due for a decent pullback.. but I still see NFLX as an easy double over the next few quarters. and if this market holds up next week (which I doubt) I see NFLX easily breaking out into the 30s..

In fact, I still see us hitting 30 on Monday/Tuesday.. the heat is on the shorts right here.