NFLX down 120 bucks after hours (IRA, trading, calls, stock)

[Lowexpectations]

Currently trading down 122+ after earnings, burn

[eccotecc]

Originally Posted by Lowexpectations

Currently trading down 122+ after earnings, burn

Maybe it'll prompt them to get a better selection of movies.

[bmw335xi]

That's a massive decline! I wouldn't want to buy it, but it's still a sight to see.

[treasurekidd]

That's a massive decline! I wouldn't want to buy it, but it's still a sight to see.

Yeah, and it's STILL ridiculously overvalued. Even with the AH drop, P/E is still about 100. Gonna be fun to see what it does tomorrow.

[The Thomas J]

Wonder how Carl Ichan will spin this. He has been pushing for Apple to buy NETFLIX for a while now.

[concept_fusion]

I might buy some at $70. That's about the level I liked it last.

[concept_fusion]

Originally Posted by treasurekidd

Yeah, and it's STILL ridiculously overvalued. Even with the AH drop, P/E is still about 100. Gonna be fun to see what it does tomorrow.

Perhaps, but it trades on acquisition value (think MSFT or AAPL), not necessarily P/E.

[sholomar]

I dont get icahn... calling for $200 aapl publicly... as if these ultra rich arent wealthy enough they are publicly trying to pump their stock holdings and make bullish calls at market levels that are arguably rich...

[eddiehaskell]

Icahn also likes TLM which has went from $12.77 to now $6.42. I believe he bought in a $11.xx.

[wawaweewa]

If a $1 price increase led to 975k new subscribers instead of 1.33 million, then NFLX has big problems with its model and equity action is reflecting that.

What I think it reflects is that NFLX has a lot more competition than most realized (Amazon Prime, Hulu, Youtube, Pirated content, even cable, etc.) and its growth projections might not be sustainable as scaling costs rise.