Friday, September 28, 2012
Netflix: From A Bear To A Bull
I can’t resist a half-off sale, and I have learned that being greedy does not work on Wall Street. That is why I covered my short and went long. It is funny how just a month ago, everybody could not get enough Netflix (NFLX) at $300, but won’t touch it with a 10-foot pole now that it’s half that price. I loved the company at that point, but hated the stock. Now that love for the company’s fundamentals has turned to indifference, but my loathing for the stock price has reversed, to infatuation.