I usually don't get biased about stocks, but I was given a NFLX account last Christmas for my Wii and after the first month I cancelled it. The movies were 10 years old. It was just a horrendous service, a good idea, but horrendous execution.
Speaking of execution, NFLX reported. The ironic thing is they beat on top line and EPS! What caused the -21% tanking in After Hours, people like me. Their subscriber base was decimated and they expect it to continue, I do as well as a former customer.
They already lost -60% n 3.5 months, I guess there won't be a dead cat bounce.
Is interest rates about to start going up?
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Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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