Do not Waste your Time with Netflix! (10/3/2011)

Posted: October 3, 2011 in AMEX, Broadcasting and Cable TV, Dow Jones, Economy, NASDAQ, NYSE
Tags: , , , , , , , , ,

Image representing Netflix as depicted in Crun...

Image via CrunchBase

Netflix (NFLX) of which was a $300.00 Stock back in July 2011, is not trading at a $114.00.

Shares of Netflix obviously were overvalued, and it has showed have been overbought for sometime.

Netflix is currently at a Price now most people would want to take a look at for a long term investment however I tend to disagree. Not only do I think that Netflix has not seen its Bottom. Netflix is a stock to stay clear of until it starts to establish a better Video Portfolio. Another thing to look for is, when will Netflix start streaming in Blu-Ray. I recommend that people stay Clear of this Stock as any bad news will Rock, it. If Netflix can establish themselves in the Streaming of Blu Rays, and signing some better Movie Companies, and TV shows it will then open my eyes for a possible investment. Do not forget that Microsoft has now announced it will be entering the streaming of content, this may hurt Netflix Long term.

If or When Netflix starts trading under $80.00 will I look to a possible investment in the company. However it also would rely solely on good news such as an announcement of New TV show Releases, and the Streaming of Blu Ray content.

 

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