Likely "they" will pump this up for a bit in the morning before it begins it's crash landing to $140 by Friday and $130 by next Friday.
I think $140 on a pull back would be a good deal, but that is pretty much where I expect support to come in.
Why is this POS even up?Because the hedge fund managers who bought in following the hedge fund herd bought in. 75% of whom r clueless.
Overpriced? Maybe. But some recent articles gave some stats which I can believe, they said that millenials spent more time on netflix than other traditional media. Most of the younger generation will never sit in front of a TV and channel surf, its just not going to happen. Netflix will only grow stronger with this demographic.
News on board right now: Netflix is in talks with Telekom Indonesia about rolling out a service on the telecom network. The streaming service has been blocked on Telekom Indonesia since January 2016 because of censorship issues. This situation exemplifies some of the cultural, competitive, and regulatory difficulties that companies face when localizing in foreign markets.
The trouble for Netflix is that they are close to saturating their addressable market in the United States. Almost 50% of US households are now subscribers and it's reasonable to suggest that the low-hanging fruit are now almost gone. At $8 or so per month, Netflix is a non-essential item and getting the other 50% of households to jump onboard will be a far tougher sell. As it stands, Netflix funds its expensive original content "capex" using subscriber growth and it's far from certain whether subscriber revenue growth is enough to offset rising costs.
If NFLX can go the youtube model and get some local channels, their goal here is going to be to eventually replace traditional cable, but that is not happening yet.
Netflix show leaked early by hacker A hacker or group of hackers known as thedarkoverlord shared most of the episodes of the upcoming season of Orange Is the New Black on a file-sharing site over the weekend after Netflix refused to meet a ransom demand.
Is Netflix Inc Set To Beat Earnings Estimates? https://amigobulls.com/articles/201...flx-set-to-beat-earnings-estimates-nflx-stock
