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Netflix's Worst Nightmare Is Coming True

MULTIZ321

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Netflix's Worst Nightmare Is Coming True
By Stephen McBride/ Markets/ Forbes/ forbes.com

"If you’ve been reading RiskHedge, you know I’ve been warning to keep money out of stock market darling Netflix (NFLX).

This was not a popular thing to say when I first wrote it in July.

Back then, Netflix was the hottest stock on Wall Street. It had surged 107% in six months, hitting record highs.

But it turns out July was the right time to sell Netflix. Since then it has crashed 37%:..."

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https%3A%2F%2Fblogs-images.forbes.com%2Fstephenmcbride1%2Ffiles%2F2018%2F12%2FImage_1-20181204_RH_OP_Netflix.jpg

RiskHedgeRiskHedge



Richard
 

TravelTime

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Many tech companies have lost value since approx the July/August time period this year. The other FAnGs (Facebook, Apple, Google) have also lost a lot of value. Old timer Microsoft is up, amazingly. I used to work for Microsoft and my DH works at Apple. I think it is too soon to saying Netflix has crashed. He may be right but more time is needed to assess. Netflix has “crashed” before. When they started the shift to streaming, many people wrote them off and they lost even more value than this and then they surged again. Personally, I am anti-Netflix.
 

tompalm

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He spent more time promoting his company and how smart he was warning people that NetFlix was going down than he did talking about NetFlix’s worst nightmare. First of all, after Facebook and other companies took a major hit on earnings day, the writing was on the wall that the outlook for next quarter was going down and holding any over priced company was risky. I sold Netflix a few hours before they reported and that was a no brainer. The second thing is Amazon video has been eating into Netflix market share for a long time. Disney plus is just anonther company that is taking market share. I can’t believe Forbes published an article for someone to promote himself so much.
 
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