robert99

5 Key Quotes from Netflix on the Movie Distribution Business

NFLX is going to be huge in twenty years. As download speeds continue to increase and the integration of computers and televisions progresses, an obvious winner will be Netflix's streaming movie service. I've been a Netflix member for about 18 months now - I pay $15 for two at a time DVD rentals and unlimited streaming movies. It's a great service. The 360 and PS3 will lead the way with internet/living room TV integration, and partnering up with Microsoft is an excellent idea. I am looking for an entry point into NFLX. I'm hoping on getting in at the low 20's, but I have my doubts that NFLX will drop that low again. People will look back in twenty years and wonder why they didn't buy NFLX NOW...

Amazon, the Perfect Short?

Ha! People here are looking for a catalyst? How about the fact that consumer sentiment is at 25 year lows, or that we are probably going to be entering in a recession before the year is out!?!? I shorted AMZN on the way up, regrettably, and lost a little bit of money on three separate occasions. HOwever, the irrational exuberance surrounding AMZN will dry up along with consumer spending, and I am fairly confident that AMZN's market cap will drop by 50% before 2008 is up. If I did not have a personal rule that I never revisit a losing stock, I would short it myself. Personally, I think shorting the overall market is the best bet right now, but you could certainly do worse than an AMZN short.