Originally Posted by scho63:
I'm really shocked by this stock. It has so much going right but the market is not kind to too much of anything right now.
I hear you. Everything else I have is in DIA, QQQ, and SPY I should probably dup them too. [Reply]
I'm less surprised that Netflix is losing subscribers than I am that it took this long for it to happen. They've bumped their price by over 50% since 2015. That took it from "no brainer" territory (at $10/month) to "is it as good as HBO?" territory at the current $15.49. And now you have others filling in on the no brainer side like AppleTV, which is only $5/month. It's just hard to justify keeping Netflix.
Now, does that reasonably suggest that a 40% correction is in order? No. But it seems like investing is becoming a game of overreactions anymore, so I'm not surprised that it's happening. [Reply]
Originally Posted by DaFace:
I'm less surprised that Netflix is losing subscribers than I am that it took this long for it to happen. They've bumped their price by over 50% since 2015. That took it from "no brainer" territory (at $10/month) to "is it as good as HBO?" territory at the current $15.49. And now you have others filling in on the no brainer side like AppleTV, which is only $5/month. It's just hard to justify keeping Netflix.
Now, does that reasonably suggest that a 40% correction is in order? No. But it seems like investing is becoming a game of overreactions anymore, so I'm not surprised that it's happening.
I think Netflix is looked at like basic cable for most people. It's the base streaming service and the others are specialties. [Reply]
Originally Posted by DaFace:
I'm less surprised that Netflix is losing subscribers than I am that it took this long for it to happen. They've bumped their price by over 50% since 2015. That took it from "no brainer" territory (at $10/month) to "is it as good as HBO?" territory at the current $15.49. And now you have others filling in on the no brainer side like AppleTV, which is only $5/month. It's just hard to justify keeping Netflix.
Now, does that reasonably suggest that a 40% correction is in order? No. But it seems like investing is becoming a game of overreactions anymore, so I'm not surprised that it's happening.
They still didn’t break even. It’s one thing to eat losses when you’re on a growth strategy. Those losses are explainable. Now they’re eating losses while trying and failing to expand. That’s pretty gnarly. [Reply]
I've made a whopping 2 trades in the past 2 months in my brokerage account. No reason to give your money back when the market isn't trending in the right direction.
I'm still dollar cost averaging into my 401k at this time for index funds. I am making consistent contributions to my ROTH IRA but leaving some as cash for now. [Reply]