Anyway. It was doing really well lately. i was kicking myself for selling it a while back. Today, however. Wow. I don't even know what to say. It dropped 7.5%.
But a trading pro never gets duped by peaks and valleys. In fact, now that I think about it, this is nothin'. Just a wee dip. Gets the weaklings out of the system. In fact, it's probably a good time for me to buy back in...
2 comments:
I think the Blockbuster(what a name!) threat to Netflix is exaggerated. Blockbuster has a history of failed changes in their business model (they famously went into business with Enron near the end of that story). I see no reason to believe that their past inability to creatively evolve in the slowly dying store-based video rental business will not continue. Short-term though expect some volatility in Netflix's stock.
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