Let’s talk about Netflix.
This is a name you know, Netflix. Look at its chart, it's pretty volatile. I was lucky enough the last few times to buy on dips and make a huge amount of money. So I've been waiting for this next step. It got a downgrade this week; I really don't care.
Obviously, it's not for the faint of heart. If you can buckle up and take the next ride, $340 to $350 area, takes you to $500.
Longer term, I do think this can be a $600 stock. I know it's got a 97 P/E and I know I'm crazy, nevertheless, if you have the stomach for volatility, Netflix I think is the stock for you.
Replies (5)
Just get out your Black Amex card and buy the whole dam company
I'm expecting a huge drop in the market to affect almost all stocks. I was in the future in a dream. Plus on the technical side the bull market is 6 years old and due for a major correction. however I dont mind everyone buying for now.
NFLX certainly seems like the future. Instead of 300 channels with 98% of it crap to chose from why not be a bit more intelligent about the choices based on the viewer? What I don't like is their customer who seem to find even a $1 increase in price per month from $8.99 to $9.99 a reason to revolt? Seriously? Not the kind of customers you want.
Have to agree with Juice's call. Definitely a bit if it ever gets back down to $360 again.
Good pick, Juice!
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