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Netflix (NFLX) stock has been on fire in 2012, surging 45%. I think Wall St was to bearish on this stock and that the short sellers got way to greedy. However, the company will not do well in 2012 but I feel at $70, this news was priced in.
Netflix (NFLX) is expected to report earnings after the close on January 25, 2012. This will be a highly anticipated earnings report after the stock dropped 35% three months following earnings. Something tells me that this report will be better than expected due to the recent rally. NFLX stock won't have any major resistance until around $111. Support is down around $88-$89. Longer term, NFLX stock is a buy below $80 as this company will start to grow again later in 2012 and into 2013. The question is, well NFLX drop below $80 ever again?
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Tags: 2012, analysis, earnings, february, netflix, news, nflx, stock
Permalink Reply by Stocks To Buy on January 30, 2012 at 10:24am Netflix (NFLX) stock is rocking again - $128
Permalink Reply by Stocks To Buy on February 3, 2012 at 1:22pm Netflix (NFLX) stock is back in the high $120's. Resistance is $130
Permalink Reply by alex c on February 3, 2012 at 1:29pm any analysis on how netflix managed last year to bloat in share value to $300+?
i know all about their monumental fall (i made a large purchase in around share-price of $161 thinking that the hemorrhaging stopped at that point.... when it proceeded to drop far far lower... i've hung-on in desperation). also, what do you feel are the barriers to a bullish climb back up to $200 and beyond?
Permalink Reply by Kirk Hammett on February 3, 2012 at 2:31pm Netflix needs to show good streaming subscription growth. Any sign of domestic/international growth would be really bullish. The competition is a big barrier for the company as other companies have started offering streaming services.
Permalink Reply by alex c on February 3, 2012 at 3:22pm (noddin) i gotcha... i still wonder what drove the price up so high last year....
Permalink Reply by Kirk Hammett on February 3, 2012 at 3:58pm It showed good growth before, Rev was going up, Subscribers were increasing etc..remember it ran up too much and lots of people thought it was over-priced. But it also dropped too hard so if they show improvements in their subscriber numbers I think you'll be able to get out. Just watch out for any news related to competition and number of streaming subscribers. The Facebook integration would give it a little boost as well but not passed yet.
Permalink Reply by Stocks To Buy on February 5, 2012 at 5:56am Rallying back to the $140's is not out of the question. NFLX is priced for perfection so if they don't beat next quarter it will go back to $100.
Permalink Reply by Kirk Hammett on February 6, 2012 at 1:54pm Netflix is up after Apple TV rumors.
Permalink Reply by Chad Sadler on February 21, 2012 at 8:48pm so from 126 down to 115 afterhours because Comcast is new competition... seems like a big drop.,. I saw this thing going up! Was happy with my $120 buy in, showed good support there. any thoughts on support? I'm not around a computer early tomorrow. My stop was at 116.65$ Should I lower it to 114-ish. I don't mind holding on to this for a while, any thoughts on if this will climb back up?
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