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originally posted in:TFS The Floods Sanctuary
Edited by A Good Troll:
1/24/2013 9:17:47 PM
4
[url=http://finance.yahoo.com/echarts?s=NFLX+Interactive#symbol=nflx;range=5y;compare=;indicator=volume;charttype=area;crosshair=on;ohlcvalues=0;logscale=off;source=undefined;]5 year chart[/url]
Sometimes a little bit of longer term perspective puts things into a clearer view. If you bought yesterday, yeah you made bank.
English
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In my business and personal finance class in highschool, I came in first place for the year with stocks as I chose netflix after the big crash.
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That's a useful tool, but to short-term investors they just made bank, like OP stated.
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Edited by A Good Troll: 1/24/2013 9:22:38 PMDon't disagree. It is a trader's stock, not an investor's IMO. Personally, I wouldn't touch anything with a 189 P/E multiple unless I intend to sell within a month - not a viable long term investment in my perspective. It only really popped because of a short squeeze and people being forced to buy to cover IMO. Earnings weren't that good of a beat.
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Which, as your chart indicates, is probably smart thinking.
