They missed earnings and subscription guidance, but no one really cares. The stock has taken on an Amazon attitude to earnings, heading higher on good or bad news. It has been anointed as a winner in the culture wars and the stock simply wants higher. That’s all there is to it.
Who remembers when this stock was $10 back in the DVD era? I was an early subscriber and thought it would, eventually, bankrupt Blockbuster and others. I was right.
After 9/11, there was a massive rally in shares of Blockbuster, Hollywood Video and I believe there was one more video rental play. All of them went bankrupt, eventually, but back then the theory was people were scared and wanted to veg out and watch movies at home, instead of going out.
I suppose the same theory lives today, with $NFLX and any number of network studios who produce original content, like $AMCX.
If there’s a lesson to be learned from the run in Netflix, it is embrace the winners. You don’t need to find a micro cap piece of shit in the hopes to find a big winner. All of today’s best stocks, $AMZN, $AAPL, $FB, $NVDA, didn’t happen overnight. They methodically worked higher over time, allowing advantageous investors to buy during intervals of weakness along the way.
Gun to the head pick: What stock is next to scale higher and become the next big winner?
If you enjoy the content at iBankCoin, please follow us on Twitter
Amazon and Netflix. Your new overlords.
Sell for profit. And move on.
I’m banking on SHOP…eventually going to $200+, which will make it at least a 10-bagger from its $17 IPO in May 2015.
Own it from $40-$45. It was busy building a wonderful reaccumulation base prior to this years launch higher.
That’s the whole problem w/ society. Watch Netflix while Rome burns.
“If there’s a lesson to be learned from the run in Netflix, it is embrace the winners. You don’t need to find a micro cap piece of shit in the hopes to find a big winner.”
Sage advice. I used to be guilty of this…
This is probably not a surprise, but I think TSLA is going to be a long-term monster in the energy space. Cars were just a start…much like AMZN began with selling books online.
Correct me if I’m wrong but did not Netflix want to sell itself to Blockbuster for 8 million dollars back in the day and the Blockbuster board said no way? LOL! Talk about a clueless board!
Netflix to da moon
PI is your huckleberry
PTT subscribers already know this.
Regards
Chuck Bennett
I’ve been retardedly long in FB since $100. It has its ups and downs, but the trend is obvious. Sure, it won’t go up 20% overnight, but it also won’t blow up, and I have high confidence that five years from now it will be trading significantly higher than it is today. Choose a winner and stick with it.