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S&P 500: 1,317.11 Change: -0.21%
rjm77me
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rjm77me's Blog : NFLX - tinkered with their business Model at wrong time

Date September 27, 2011    Comments Comments (6)    Rate this post Recommend This Post (79)   
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The stock was extended on fundamental basis.


Management got too cocky or too greed in pushing prices up by 50% and is paying the price.


Some support lies at $115 and could further fall to $90 range as they are likely to miss top line numbers.


Dish network and others are chomping on their streaming movie services. 

Tags : NFLX   DISH   VZ   CMCSA  

6 Comment(s):

Author rjm77me     Date September 27, 2011 13:47 Abuse this post Report Abuse
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I also cancelled my service few days ago - before they start charging me at higher rate.
Netflix made zero effort at customer retention. I used the service for last 3 years
Author rjm77me     Date September 29, 2011 10:00 Abuse this post Report Abuse
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NFLX down again while market up 200 points
Author rjm77me     Date October 4, 2011 11:28 Abuse this post Report Abuse
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NFLX found some support at present level - if it breaks this support then 90 is next logical area
Author rjm77me     Date October 10, 2011 21:53 Abuse this post Report Abuse
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NFLX heading lower - could not hold support at 115 level
Author rjm77me     Date October 24, 2011 19:22 Abuse this post Report Abuse
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NFLX -27.1%, down after hours
Netflix beats by $0.22, beats on revs; guides Q4 EPS below consensus, revs below consensus
Author rjm77me     Date November 30, 2011 12:46 Abuse this post Report Abuse
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The stock dropped another 40% since I went bearish on NFLX
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