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

To: Krigannie who wrote (1186)	9/13/2015 10:26:31 AM
From: david1951	2 Recommendations Recommended By The Ox Zen Dollar Round Read Replies (1) \| Respond to of 2280

While NFLX does have a very high PE, they did not get that high PE from a poor business model. I presently do not own NFLX, yet I see little chance of NFLX dropping to $75 or $67.14, the strike prices on my short put positions forJanuary 2016 and 2017 respectively. To date the biggest mistake I have made with NFLX is not holding onto it when I had a large position in it in the $40's some years ago. I made the same mistake with AAPL, sinking the majority of my portfolio in it around $16 and then selling at $18. Truth is that it was moving so fast when it hit $18 that I got $18.25 for it, only to go over $100 some weeks later. While both of these blunders were years ago, I see the same tendency in my investing habits today, cautiously selling puts into the future, instead of buying more stock. So if I am going to break out of this conservative strategy I will have to buy NFLX on a future dip or at least sell ITM cash secured puts so I at least pick up some NFLX for my efforts and belief in the company. Back to Netflix, I like their expansion of Spanish movies and TV series. Given the statistics on the rising numbers of people who speak Spanish in the U.S. , I think that expansion of Spanish programming is a wise decision. Velvet, a popular TV series in Spain, is excellent. I like the variety of foreign films, especially in CD's, but I realize that revenue from streaming is much stronger, the very part of their business that you see so threatened. While I remain bullish on NFLX I also appreciate your views. We are all part of the mosaic that make up this delightful, but often frustrating market. It's never boring, especially now with China and the Fed!