NFLX Netflix: NFLX to see 250 before 315

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	Harvey Dentist
	Columbus, Ohio User since Apr 2011	23
Covers SIRI ZNGA BLTI STRT DLR CLWR RIMM and 1 other stock - Go to Blog
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NFLX to see 250 before 315

I remember recommending NFLX when it was at 109. Cramer had convinced me soo much i was more bullish then him. On twitter i didnt tell cats to sell until 170ish. Now it storms ahead with good news. On twitter yest some1 tweets NFLX headed to 300 !! , i watched and it met resistance. it was a good call to buy NFLX in the last month or in the last almost anytime. I dont agree with the shorts, it'll take 3-5 years before the shorts get right. But th e chart on NFLX is one of th emost consistent patterns I ever seen and its not a buy right here. Imma keep this short and sweet since my GF wants to use the PC.. NFLX will see 250 before 315.

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What People Are Saying...

Wesley To said at 7/12/11 4:27 PM Price action was $291.27 0.53 (+0.2%)

Does the raise in price for service affect your prediction here?

Harvey Dentist said at 7/12/11 8:38 PM Price action was $291.27 0.53 (+0.2%)

yes the fall may be faster, and rebound faster >IF< there is lil churn and most take streaming service. The pricing move may help them but they did fumble the ball to the shorts. Its more beneficial to LVLT, if there is lil churn, for this is only for new NFLX subscribers, from what i understand

Wesley To said at 7/13/11 1:27 PM Price action was $300.97 9.70 (+3.3%)

I think I have to agree. I think most will switch to the streaming service only and with the cost of digital rights continually increasing, I'm not sure if this price change will help NFLX. I may start taking a look at CSTR and see if redbox gets some extra customers soon.

Harvey Dentist said at 7/13/11 2:49 PM Price action was $299.00 7.73 (+2.7%)

dang i saw a poll that said 40% are gonna cancel cuz it rises for current users on sept 1st

Wesley To said at 7/13/11 4:50 PM Price action was $298.73 7.46 (+2.6%)

You're right, most polls I see are not looking good for Netflix.

Wesley To disagreed at 7/18/11 9:26 PM Price action was $279.00 -7.93 (-2.8%)

You know, I've had a change of heart. I read an article today about how this price change could be business model change. Increasing their prices shifts their cutomer base to streaming only, yes they lose some customers but they will also have less expenses. Smaller customer base with higher profit margin. They are also looking to expand international. I think this stock may dip a bit but we will see it rise again.

Harvey Dentist said at 7/26/11 3:17 PM Price action was $263.38 -18.15 (-6.4%)

you still disagree ;)

Wesley To said at 7/27/11 11:27 AM Price action was $269.71 2.80 (+1.0%)

Nope, you definitely saw it before me. I actually opened a position that netflix would drop after earnings but I didn't close it, I didn't think the stock would bounce back so high so quickly. I'm not sure where I stand on Netflix long term yet, good pick!!