• Joel M
    Blatantly obvious short opportunity here. Carl Icahn has until Sep 2014 to activate his call options. Short term negative on NFLX.
    10/31/12
    Reply (8)
    • Joel M: I'm looking at Dec 2012 70 puts here. The business has not changed since last weekend. Exuberance is unwarranted given past performance
      10/31/12
    • Joel M: and future company specific and macro-level uncertainty.
      10/31/12
    • bbrady413: Of course it has changed Joel. Its international content expenses rose by 348%, not 14%. Maybe thats the growth people are giddy about!
      10/31/12
    • joemarolla23: maybe you guys should be playing the trend instead of going against it. try that for a change and get back to me.
      10/31/12
    • Joel M: The trend is not up @joemarolla23 - Last I checked NFLX has been hammered for over a year, with only relief rallies from time to time,
      10/31/12
    • Joel M: giving it just enough time to come back up for air and get hammered again.
      10/31/12
    • Joel M: I mean really, buyout rumors when they have a forward P/E of over 150? Ha! Who's to say Icahn doesn't cash out tomorrow after the jump?
      10/31/12
    • bbrady413: He'd be stupid not to. Even relief rallies have only come from rumors and price pumping. Not a good piece of fundamental news to be seen.
      11/1/12