• Scotttrade
    NFLX downgraded today by Citi.
    12/22/11
    Reply (16)
    • Bonsai Boards: So soon?
      12/22/11
    • Josh Krause: And it's up on the news! More than likely the up move is based on the consumer survey. My puts are hurting.
      12/22/11
    • theagent11: Krauser dont look at the Puts if you have money buy more. This bitch is going nowhere. Citi of course better late then never
      12/22/11
    • Josh Krause: I'll wait till January, the VIX is more than likely going to continue down and that is the main thing that is killing my puts. Still hurts
      12/22/11
    • Josh Krause: NFLX sporting major wood today. Anyone know of a new story or rumor to justify the move?
      12/22/11
    • Liqddynamite: the vix is not going to break 20, we're already in july territory. I'm buying vix calls today, and its a great time to add to any puts
      12/22/11
    • KDawgRX: Didn't Citi upgrade CRM to $130 right before it tanked 30 points. In theory a NFLX downgrade should send NFLX down a bunch ... in theory.
      12/22/11
    • Josh Krause: Not when it is backstopped with undisprovable nebulous buyout rumors. The rumors are better when the suitor is not known.
      12/22/11
    • KDawgRX: KK - I think "undisprovable nebulous" is my new favorite phrase
      12/22/11
    • Josh Krause: I got out of Netflix early twice now and missed out on thousands of gains. I'm red now but going to hold fast through this BS rally.
      12/22/11
    • Canary Cash: K, this is a well dodgy situation, I believe there is going to be a squeeze here with fake subs (free, uncanceled nonpaying being counted)
      12/22/11
    • Canary Cash: I think the Jan report unless we get a market black swan will produce a big short squeeze, and that will be the bagholder exit...
      12/22/11
    • Josh Krause: Easiest way to play it just a straddle on the weeklies into earnings. The move should be big either way. The 10-CTL will tell the true tale.
      12/22/11
    • Canary Cash: Yup
      12/22/11
    • Josh Krause: It's funny. The subs number is what is going to get the attention but they are losing money on their streaming subs. More subs = more loss
      12/22/11
    • Canary Cash: Yes, but fundamentals don't matter anymore, getting out with less of a loss is all that matters now (to the vast majority of ownership)...
      12/22/11