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One of the worst decisions of all time....worse than the "new Coke" decision. I do think the price will stabilize, but I would not expect the love fest with Netflix to begin again.
Can you help answer these questions from other members on NexusFi?
I doubt the shorts have covered much or the gap would be closed. Playing with NFLX is like playing with fire at a gas station. If you would buy NFLX then marry a put with it. Just one engulfing candle that lifted the daily stoch from the gutter. But the chart is just calling a short again. Short and marry a call.
Here is another disaster for you: GMCR: My step father has made a lot of money with it. until recently. He bought a hundred at the highs, the stock backs up and he gets cute and buys another 100. It worked before. I told him never average down. I told him GMCR is a short if anything. Well he still has 200 shares. You have to know when to hold and when to fold.
Well Verizon announced the other day they've halted all FiOS expansion. But yes, in general NFXL = future of "on demand" entertainment, something that Verizon wants to be king of.
I posted this chart on the Wyckoff thread. I did not know there was a NFLX thread. Mike suggested I post here.
I notice that the latest pullback to support is on lighter volume. There have been down days with increased volume but no follow through to the downside. there is Shortening of the Thrust in the latest downward channel and price it resting on the Creek (Support). In Wyckoff terms it is bullish when price "Jumps across the creek" (aka resisatance). It is now back up against the creek. Price is making HH and HL.
Wyckoff is about reading the chart by its own actions. Price and volume with trend lines. So, I see a story for a break to the upside, but we will see in time.
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As things stand NFLX certainly is at the forefront however if HBO ever wakes up and makes HBO Go a subscription based service in addition to the cable TV thing, NFLX will be in big trouble. But that remains to be seen.
Not so sure. I think Redbox would be a bigger threat than HBO. And of course Amazon is already a threat, and is continuing to push hard to gain some new traction.
I think we need Netflix or Amazon to buy a cable company, so we can get rid of the ridiculous bandwidth caps they've imposed, which is a business killer for Netflix and others in the on-demand arena.
