rob
Is everyone not entitled to their opinion? Is that a good rebuttal? No comments, no thoughts, no facts, no backup. I have had my own opinion on this company for a long time. And just for the record I was one of their first and most loyal customers. I joined when it was 3 months old and cancelled only when Reed blundered last year.
Why will NFLX go higher? Give me something to think about and digest. When I have been panning the stock since it was in the 100's and 90's (let alone when it was $300 and on down) I heard a lot of flack with no reason to buy the stock except "it's down from $300, it's overdone". Well guess what, it should never have been there in the first place and the once infallible Reed Hastings screwed up, not once but multiple times in a couple of weeks. Also, the company used to be profitable and now by their own admission will not be profitable in 2012 at all.
So please, give me a reason why this stock should go up. And please don't say because it is cheap. So was NOK at $20 and $10 and $5 and $3. So was RIMM at $60 and $40 and $20 etc.
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