Jon Najarian (“Dr. J”), one of the crew from Fast Money, said he was buying NFLX today. Just yesterday, Pete said he was long Greek bonds. No word on whether Pete has delved into recreational crack-cocaine usage.
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wow. guy has got some balls. But, it might be a nice play for a bounce. NFLX is actually one of the few green tech names today.
NFLX about to go in the red
Old football injury.
Too many tackles.
At 36 cents on the dollar, and even with a 50% haircut, I don’t think he’s insane for looking at Greek debt. Worked for Nakheel debt.
NFLX you can sell the 100/95 Oct put spread and pick up around a buck. I think I’d prefer that over just buying the stock outright. But that’s because I got no balls.
crazy fucking armenian
gotta love pete
Greek Bonds, sort of like a 30 cent OTM option. He is betting on the corruption in government and that those seeking the guaranteed trade that own Greek Bonds will use the corruption to keep hope (and Greece) alive! I would agree that is their intent, but we’ll see if they actually can pull it off. Lot of parties involved that want to protect their investment