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Netflix reports massive losses of subscribers, will be posting financal losses soon.
Meanwhile, their stock price is down 35% in pre-market to $77.
It has much, much further to fall. This would be a good short even here. Last night Netflix had a 30 P/E at close. This is the P/E of a growth story. This story is over and they will be making losses. You should see a stock price under $20 in a couple months. I love when complete greed and arrogance is met with reality that is not bailed out.
Meanwhile, their stock price is down 35% in pre-market to $77.
It has much, much further to fall. This would be a good short even here. Last night Netflix had a 30 P/E at close. This is the P/E of a growth story. This story is over and they will be making losses. You should see a stock price under $20 in a couple months. I love when complete greed and arrogance is met with reality that is not bailed out.