NFLX Netflix: Re: Going to 120...and your Living Room | ProofTrader Stock Market Prediction

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	Mike Barkett	51
	Beltsville, MD User since Nov 2007
71 Coverages - Most Recent Include BP NOK CMG - Go to Blog
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Re: Going to 120...and your Living Room
Real-time quote says NFLX is at about 120 right now, so it's at your target. I'd consider taking the win and closing this one out. Not telling you what to do, but my personal feeling is that there is a bubble in NFLX. It's the cat's meow right now in terms of digital video delivery, but I think all their lofty 2010 growth has already been built into the price. And as at least one Wall St analyst firm has pointed out, the barrier to entry in digital delivery is much lower than the DVD delivery sweet spot NFLX filled for so many years. I hope I am not too early to the party on this, but I think they will deflate and then possibly be acquired at a price much lower than $6B where they are now.
This is a reply coverage to Going to 120...and your Living Room by David Sachdev on 4/26/10.

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What People Are Saying...

Mike Barkett said at 5/13/10 3:54 PM Price action was $109.08 +1.25 (+1.2%)

almost pulled the trigger on selling the puts above 1.60 for a 69% gain in one day. We'll see if I get lucky tomorrow. Hoping I'm in for a multi-bagger.

Josh Warner-Burke said at 5/13/10 5:01 PM Price action was $110.01 +2.18 (+2.0%)

I didn't even notice your target price. Fat chance NFLX will go to $45 ever - you're just being hyperbolic there.

Mike Barkett said at 5/13/10 6:27 PM Price action was $110.01 +2.18 (+2.0%)

a lot can happen in 2 years. This same stock was below 30 two years ago, and that was before the big collapse.

Josh Warner-Burke said at 5/14/10 10:58 AM Price action was $102.72 -7.30 (-6.6%)

Well regardless of long term direction, you did a great job timing this one.

Mike Barkett said at 5/14/10 10:59 AM Price action was $102.72 -7.30 (-6.6%)

got lucky today... sold the puts for a cool 188% gain in less than 24 hours!

Josh Warner-Burke said at 5/14/10 11:03 AM Price action was $103.14 -6.87 (-6.2%)

Drinks are on Mike tonight!

Josh Warner-Burke said at 5/26/10 4:44 PM Price action was $104.80 -0.20 (-0.2%)

A bullish technical case for NFLX www.thestreet.com/.../...etflix-rim.html

Mike Barkett said at 9/2/10 2:33 PM Price action was $137.76 2.85 (+2.1%)

ok I'll admit this is one hell of a breakout for nflx and I may even gamble on some calls if tomorrow is a down day, but it's still going to peak soon.