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Netflix Stock - just how high can/will it go?

Posted on 6/20/18 at 10:42 am
Posted by Blackfield
Member since Jan 2010
451 posts
Posted on 6/20/18 at 10:42 am
Just a scorching last 3-6 months and it’s gaining like 2-3% daily lately.

I have a small position and looking to add. Surely this is a 700-800$ stock in the next year?
Posted by finchmeister08
Member since Mar 2011
35799 posts
Posted on 6/20/18 at 10:52 am to
what goes up, must come down.
Posted by tke_swamprat
Houma, LA
Member since Aug 2004
9798 posts
Posted on 6/20/18 at 11:44 am to
I got in at $80. If there happens to be a dip I’ll probably buy some more.

I just grabbed some IQ just hoping it grows to what half of what Netflix has done.
Posted by FulshearTiger
Member since Jul 2015
5276 posts
Posted on 6/20/18 at 6:33 pm to
The only thing I have to add is that I bought 200 shares at about $65 a share. I sold said 200 shares in October 2016 at about $91 a share. I made $5,500 and a 30% gain.

I had no idea how high it had gotten until I saw this thread today. $416 at close today.

$416-$91=$325 a share x 200 shares = $65,000

If everyone predicted the market perfectly, none of us would be working I guess.
Posted by Joshjrn
Baton Rouge
Member since Dec 2008
27155 posts
Posted on 6/20/18 at 9:02 pm to
I’m just not sure how Netflix continues gaining market share unless it can continue to pump out original content. Because if it can’t, the only advantage it has is that of first mover. With the rise of HBO, STARZ, etc pushing out their own streaming services, I have a hard time figuring out how Netflix is going to compete with content producers.
Posted by Parade Grounds
BR,LA
Member since Jun 2017
863 posts
Posted on 6/20/18 at 9:04 pm to
Can anyone explain to me the insane valuation placed on Netflix? They haven't turned a profit yet correct? At what point do they begin to turn a substantial profit considering the insane prices it takes to purchase the right to these shows and movies and Hulu, HBO, etc and the upcoming Disney streaming service?
Posted by LSUShock
Kansas
Member since Jun 2014
4919 posts
Posted on 6/21/18 at 7:18 am to
I don't like to talk about things I'm not educated in, but from a macro, Netflix is all about attention. I don't know what the books say, but I know Netflix has the attention of almost every single 14-40 year old in the United States. Will be interesting to see what happens as over-the-top content continues to evolve and evolve away from Netflix. Facebook just launched Instagram TV today as well.
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