Hey /biz/!
I'm the guy that sold 2/3 of his stock before the brexit vote.
Just wanted to let you know that I used half of that money to buy some netflix at $85.15/sh.
I think we hit the bottom today.
Happy trading!
>>1342608
>Nope.
Okay my theory for the US markets is this.
On friday the stocks overall went down, but not by as much as it should because of people buying the dips. Monday US markets are down again but at 260 down on the DOW it is practically a normal down day. Markets on tuesday should be up slightly.
Now netflix itself is undervalued at these levels. The worldwide expansion will be reflected in the next couple of earnings. I think it hits 150/sh in two earnings reports.
Netflix bubble is going to burst.
If they want to continue to be profitable they're going to have to either increase prices or start putting ads in. Either action is going to cause a hit to their total subscribers. They'll float for a while, but unless they do a complete restructuring, they're going to tank.
Shill your stocks elsewhere
>>1342630
>they're going to have to either increase prices or
They just did in May for old subs. More reason supporting higher earnings growth in the next couple of reports.
>2016
>buying into shitflix meme
Like I said the market was going up today. But no one believed me.
I'm new to this, but why buy into Netflix?
I thought it was pretty inevitable that they're about to tank. Might be a good time to short it before their announce their next earnings or they hike prices again.
>>1344788
A year ago projections on their growth said that they would be a $200/sh stock in 5yrs. This is probably going to be the last opportunity to buy under $90/sh. I'm already up from $85.15 when I told you to buy!
