Monday, January 9, 2012

Netflix again

Until today, Netflix had been around the price I kept regretting I didn't purchase shares. It's price had almost quintupled in fewer than 18 months.


Search through "The Cynical Investor" blog, though, and you'll see that I've been saying Netflix's days are doomed. I wasn't alone, as there were some notable short-sellers such as: :
Whitney Tilson: Why We're Short Netflix


However they their nerve:
Whitney Tilson: Why We Covered Our Netflix Short

I don't know why Netflix shares had this huge jump today but I wouldn't buy Netflix despite any past regrets.
Posted by M at 19:46
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1 comments:

  1. Read today on http://www.theacsman.com/blog/2012/1/11/judgment-flawed-or-impaired.html:

    "What I wonder about Netflix is how so many "smart people," and presumably the very recent price rise had to be driven by deep pockets, which usually are found on people that are self-diagnosed as "smart" could have occured?"

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