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

To: J.B.C. who wrote (892)	4/22/2013 6:50:30 PM
From: Zen Dollar Round	Respond to 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.

To: J.B.C. who wrote (892)	4/22/2013 10:12:50 PM
From: ChrisGillette	2 Recommendations Read Replies (1) \| Respond to 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?