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Netflix $200

Posted on 11/29/10 at 7:32 pm
Posted by Scoop
RIP Scoop
Member since Sep 2005
44583 posts
Posted on 11/29/10 at 7:32 pm
I just can't get over this stock.

It's easily the story of 2010.

It has continually squeezed shorts like a midget serial killer.

We should all slap ourselves for missing that $95 entry point back in July or August.



Posted by wegotdatwood
Member since Aug 2009
17094 posts
Posted on 11/29/10 at 7:36 pm to
I got in at 155 and sold at 170 the next day. Not a bad turn around in less than 24hrs.
Posted by Scoop
RIP Scoop
Member since Sep 2005
44583 posts
Posted on 11/29/10 at 7:38 pm to
I got in at $108 and sold at $118 a few days before it crashed to $95 on earnings. I thought I was a friggin genius at the time.
Posted by RabidTiger
Member since Nov 2009
3127 posts
Posted on 11/29/10 at 8:04 pm to
I wish I had picked some up even a week ago. I'm not sure I have the stomach for it now. I mean it has to stop going up soon right? That's what we all get for listening to the doom and gloomers.
Posted by Scoop
RIP Scoop
Member since Sep 2005
44583 posts
Posted on 11/29/10 at 9:18 pm to
It has to be the most shorted stock of the year.

I've kept up with it closely and it has been pounded from $100 to now for being overvalued.

It just keeps going, though.
Posted by kjacksonp
Mobile, AL
Member since Dec 2006
1066 posts
Posted on 11/29/10 at 10:05 pm to
Would rather buy Apple. Unique with no true competition in their niche. 3000 in 2003 is now worth 100K (apple stock purchase).

Netflix, like Blockbuster is always a temporary life because someone will figure out a better way to provide a entertainment commdity.
Posted by RedStickBR
Member since Sep 2009
14577 posts
Posted on 11/29/10 at 10:18 pm to
Over 90% of Netflix is owned by Institutions and Mutual Funds. Something about that just doesn't sit well with me.
Posted by Scoop
RIP Scoop
Member since Sep 2005
44583 posts
Posted on 11/29/10 at 10:37 pm to
It was a scary stock a long time ago for a retail investor.

How it keeps doing this is amazing.

Like I said, I got scared off at almost $120 because it was uniformly considered toppy there.
Posted by RedStickBR
Member since Sep 2009
14577 posts
Posted on 12/10/10 at 3:35 pm to
Netflix, others join S&P500:

LINK

I like the argument here that the inclusion of stocks with PEs > 70 on an index whose average PE is around 20 seems a bit illogical:

LINK
Posted by kfizzle85
Member since Dec 2005
22022 posts
Posted on 12/10/10 at 3:45 pm to
Hah. The S&P is market-weighted. Netflix could collapse to a P/E of 5 and it probably would have a not even a marginal effect on the index. Come on Denniger, that's basic fricking finance.
This post was edited on 12/10/10 at 3:52 pm
Posted by kfizzle85
Member since Dec 2005
22022 posts
Posted on 12/10/10 at 3:50 pm to
FTR:

NFLX market cap = 10.17B
S&P 500 market cap = somewhere north of $10T.

So yeah. ETA: That market cap puts them at about place 201.
This post was edited on 12/10/10 at 3:52 pm
Posted by RedStickBR
Member since Sep 2009
14577 posts
Posted on 12/10/10 at 3:55 pm to
quote:

Hah. The S&P is market-weighted. Netflix could collapse to a P/E of 5 and it probably would have a not even a marginal effect on the index. Come on Denniger, that's basic fricking finance.



He addresses that in the article. I think he's just advocating that the people constituting the index don't let this become standard practice.

And I wonder what Netflix' market cap is relative to the other constituents. I haven't looked into that. ETA: I just read your follow up. Nice one.
This post was edited on 12/10/10 at 3:57 pm
Posted by kfizzle85
Member since Dec 2005
22022 posts
Posted on 12/10/10 at 4:10 pm to
Well in that event, I agree with him.

Just got the "have a good weekend" email form the boss. I am OUT.
Posted by Merica Man
Americantown
Member since Dec 2010
103 posts
Posted on 12/10/10 at 10:22 pm to
Look @ what they are capitalizing and the future commitments associated w/ streaming content and STARZ.
This post was edited on 12/11/10 at 12:45 am
Posted by lnomm34
Louisiana
Member since Oct 2009
12614 posts
Posted on 12/11/10 at 2:06 pm to
quote:

It has continually squeezed shorts like a midget serial killer.













but
Posted by littlemisstiger
louisiana
Member since Aug 2009
50 posts
Posted on 12/11/10 at 5:33 pm to
$
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