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I don't understand how NFLX can continue to be a viable business with unlimited streaming at the cheap subscription price they have now. The quality of the streaming content has gone down steadily over the last two years and that is because they cannot afford to renew content contracts for quality titles, when they have unlimited streaming. They can do okay with documentaries and some TV content maybe, but not quality film stuff. Don't know why they don't go to an 'X streaming titles per month' model that would enable them to get the contracts to stream good and current films.
I think the competition from AMZN, CSTR, GOOG, and the looming GIANT AAPL will eventually cause NFLX to fade away because there is no reason to buy them out, you can just gradually grab their subscriber base from attrition.
But like at $300, I don't have the 'courage' to short them.
"The Future Ain't what it used to be"
Can you help answer these questions from other members on NexusFi?
that stock is just so hard to predict. u love to think you've figured that company out and then it goes and does the opposite, and u can't really afford to blow it off, because those moves are juicy. juicy up moves, juicy down moves. so you have to pay attention, even though they are so annoying! i missed the move today because TWS freaked out on me and wouldn't open a chart. at those times i just....*loathe* IB. but it was ok because later there was a spike on V to catch.
over time, NFLX, who the heck knows. u just gotta hop on board when u see your chance, i guess. when it stops moving, u can move on.
the more i trade, the more i think there is a trader's god - a zen god, which will slap u upside your head, zen-master-style, if you have any bias whatsoever. u have to somehow be informed without having a bias. it's challenging.
Du sublime au ridicule, il n'ya qu'un pas. ~Napoleon Bonaparte
LOL, not at all. I just am too lazy to post an after hours chart from IQFeed.