NFLX - Netflix

is there news/reason for the drop? the uptrend has defintiely been broken. if the selling is off of bad news then id get out.

Netflix Inc. shares gained as much as 7% Wednesday as a Citigroup analyst initiated coverage of the stock with a buy rating and a $39 price target.

The stock was flat for a while and I told most of my buddies not to panic when it got the down grade, they did not listen, I sold calls on the way down, when it flatened out I bought back the calls and and sold puts on the way up, still holding the puts, but not for long, never sold my shares and made a bundle, sometimes the anylist can make you money if you know how to play the chess game.
No one ever made money panicing

An article from Businessweek

Yahoo snaps up Netflix
Portals such as Yahoo are speeding into the media business and the telecom business all at once.

Yahoo has developed its own Internet gaming and Internet music sites, and Marlin thinks it will move deeper into the online-entertainment and social-networking markets, which makes Netflix (NFLX) mighty attractive.

"We think Netflix is a likely candidate for them," says Marlin. Netflix has built a huge following by allowing members to rent DVDs online, the movies then being sent by snail mail to their homes. But in an era when Internet rivals have untold scale, it might not make sense as a stand-alone business.

Just watched ABC's "Millionaire" show and it was a Netflix promo. Every audience member got a 3 month free membership and the ended the show with a Netflix sweepsteaks for a bigscreen TV I think it was. Primetime TV promo, could have an effect.

The one reason that hurt the stock after a good earnings report was the fact that Block Buster has entered the same business.
It came out with that news right at the same time.
So one little advantage BB has is that stores are in place as a mail order customer you are allowed to drop in any store and grab a dvd free. so wharehouses all odf it are in place. Easy start up.
Now the market will see it as stealing market share away from Netflix.
I would just leave it alone. I had positions in it and closed after the earnings spike, and the only way to make money on this stock right now is covered calls and spreads.
Someone on the penny board said BB stinks etc. but the fact is they have been around for a long time with a established customer base, plus everybody drives by one every day. So the average person will go there just because they can see it and touch it, they have never seen a Netflix store.
I'm not bashing Netflix at all, but I knew this was coming no way BB was going to lay down.
check Blockbuster ad online
http://www.blockbuster.com/homepages...omepage.action

is in trouble in the longrun - on demand movies from Comcast (cmcsa) and DISH will rule the land soon

Blockbuster is beating them down with a price war, lets see if they get kicked while they go down

What a POS..going back to 15..short for EZ $$

This stock is looking good. It is green on a red day. It just crossed its 50 day. Amo, will you post a chart pls?

Agreed....Looking really good...I bought in at 22 hoping it will hit at least 25 ;-)

straddle on earnings......has to go one way hard

i'm out....thx nflx i would hold longer if on demand wasn't breathing down it's neck.....

Nice gains

Traded today off 5 min chart...in at 27.00 out at 27.62.

Another good one for a straddle play.

can someone explain how this works. I guess what i dont understand is if u bought a call and a put at the same strike/month, wont one go up and the other go down about even amount? can someone show me the mathematics on this how they made money?