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The rally in shares of Netflix (NFLX +2.9%) keeps motoring right along even against a weak tape....

  • Friday, July 6, 2012, 9:51 AM ET
    The rally in shares of Netflix (NFLX +2.9%) keeps motoring right along even against a weak tape. The buying frenzy was started by a Facebook post by CEO Reed Hastings on the company's tally of streaming hours by customers, but questions on whether or not Hastings skirted SEC Regulation FD with his bravado are starting to crop up.
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This news story has 3 comments:

  •  
    This CEO is such careless to leak pre-earning information. Even worse, the streaming number can't be verified. No accounting firm or SEC would look into that. So the only effect is provide speculative clue. Speculators have already messed with streaming viewer number with subscriber number. If the earning on 7/26 is good, they would be quietly accumulating chips. But instead, good news was leaked. Maybe they are really desperate to come to this resort.
    6 Jul 2012, 10:04 AM Reply Like
  •  
    I got in and got out. This stock is too volatile to be worth the risk.
    6 Jul 2012, 10:40 AM Reply Like
  •  
    Yup. Long-term NFLX has no sustainable moat. It's a traders stock.
    6 Jul 2012, 11:17 AM Reply Like
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