Netflix Randomosity

• I've never owned Netflix - $NFLX. Afraid of competition.  Didn't think it would last once the Big Boys got involved. 
• I was wrong.  Netflix is the Big Boy in providing streaming and DVD. 
• And I use Netflix all the time!  
• The stock is selling off today on a disappointing earnings report Monday. 
• Of course, it has been a darling momentum stock and if it does come down it had a ways to go.  
• Not going to buy it.  Last person in the pool worry, you know?
• Still will use it. And I'm currently watching Everybody Loves Raymond.  Lol. 

It Wasn't Just Apple! Netflix Bombed, Too!

$NFLX bombed, too! Down 25% for the day, to $60.28. Reed Hastings blamed the Summer Olympics for making it tough to get new subscribers. Maybe it's the Equestrian events. I don't know.The bottom line, in my opinion, is competition. There are other ways to get content. Lets add the global slowdown and higher prices to the mix. Netflix didn't get more popular with the 2011 fee increases.

By the way, I still love Netflix.

My thoughts on Netflix over the past 3 years:

• Audioboo #2
  
• Audioboo #5
  
• Audioboo #108
  
• Audioboo #120

Posted with Blogsy

#133: Audioboo/Podcast on Top News of the Day

Show Notes!

• Stocks up for the year - barely! 
• Gold down 5 days in a row 
• Europe, Europe, Europe! 
• Online gambling! 
• Netflix! 
• Iran threatens Strait of Hormuz 
• Oil prices and the US Economy, how to invest in oil 
• Companies reluctant to hire! 
• Sears! 
• Android activations soar! 
• Movie theaters lagging 
• Must read financial blogs 
• Most admired list includes Obama and Bush

#120: $NFLX - Netflix Stock Crash, Stocks Swoon on Europe, and the Obama Refinancing Plan

#108: Market Crash, Netflix, Solyndra, Gold, Solar Energy

Netflix Reports, Drops Afterhours

I love Netflix, but don't own $NFLX. They reported earnings and now 7% of Americans subscribe to Netflix. Including me!

I missed the stock. Afraid of competition with the low barrier of entry to streaming content over the internet. But the stock has been a huge winner so far. I still don't want it no matter what happens on the charts. I'm still thinking Amazon, Google, Apple, Comcast, ATT... Lots of players out there trying to get eyeballs.

Netflix taking a hit after-hours on future projections.

Netflix ($NFLX) Shorts Get Smacked!

Netflix reported earnings yesterday and, well, take a look at the 5-day chart. I'd say investors reacted positively and those who were short had a come-to-Jesus moment.

I heard that there were something like 11 million shares short with. 45 mil float.

Holy buckets. There are many folks buying into the belief that either this stock is over valued or that the competition will catch up.

If you listen to the boos you know that I missed the move up and believe that at some point, Google, Apple, Disney, Amazon, Hulu, or whoever will catch up and take market share.

I think wide adaptation will require convenience. Whoever figures that out, wins.

But you have to hand it to Netflix for execution. And a great service.

I love what they do. But I don't own, and thankfully haven't shorted, any shares.

Friday Thoughts

• Well, it was bound to happen eventually.  The market pulling back large as I type.  SP500 now under 1000 again.  The last hour may be interesting, but seems like the bulls have been rescued lately by last ditch efforts in the last hour.  We shall see!
• Working from home today.  Work has been very busy and stressful of late.  I think one sign of economic recovery is that while companies have cut back employees, the work is increasing and existing workers are having to pick up the slack.  Companies won’t rush to hire back; they just let folks go!  Companies will want to see more stable signs.  And those signs usually show up in the rear-view mirror as they analyze company numbers.  So it could be a bit.  Which means we’ll all be worked harder!
• Consumer morale down. U.S. consumers' gloom deepened in early August as worry about scarce jobs and falling income… Yeah, people are worried.  It’s difficult to see the stock market advance and the financial articles talking about a recovering economy when in the real world, your wages are cut and you’re seeing people lose their jobs.  While there seems to be a disconnect, the stock market is looking towards the future, while the company is looking at and reacting to the numbers from last quarter.
• I created a new AudioBoo.  No headset, so the audio is much better this time.  Boo #2 is about Blockbuster and the DVD rental business.  Blockbuster reported poor earnings yesterday in an environment where people are renting more movies.  Yikes!  Here’s the embed, but you can always listen via the widget in the sidebar or by visiting my AudioBoo page. 

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