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Tuesday, October 11, 2011 8:28:18 PM
NetFlix - the Damage is Done
I don't suppose NetFlix's management is winning many friends these days (except for those long Puts or short the stock). In three months it has lost two-thirds of its value! The funny and amazing thing is that yesterday Netflix decided to undo their complete screw-up of their product offering - - buyers rushed in, gobbling up the stock and bidding it way higher (circled below), only to find that the poison is still very much in the system. All buyers from the past 14 months are underwater now.
The way I see it, NFLX may not find stability until it's in the $40s again.
http://slopeofhope.com/2011/10/netflix-the-damage-is-done.html
I don't suppose NetFlix's management is winning many friends these days (except for those long Puts or short the stock). In three months it has lost two-thirds of its value! The funny and amazing thing is that yesterday Netflix decided to undo their complete screw-up of their product offering - - buyers rushed in, gobbling up the stock and bidding it way higher (circled below), only to find that the poison is still very much in the system. All buyers from the past 14 months are underwater now.
The way I see it, NFLX may not find stability until it's in the $40s again.
http://slopeofhope.com/2011/10/netflix-the-damage-is-done.html
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