Netflix (nflx) Chart Breakout

Discussion in 'Investment Charts' started by longtermbull, Jul 18, 2017.

  1. Chartman

    Chartman Senior Investor

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    We have seen quite a decent jump in the share price since the start of the year. Looks like this one is headed for new ground? Even if Apple was to make a takeover bid they would be forced to pay a full price for the company.
     
  2. longtermbull

    longtermbull Administrator Staff Member

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    Did you see this one coming JR? The company seems to be investing for the future and hopes are getting stronger and stronger for future profits. Not sure I would invest unless there is a fallback in the short term :)
     
  3. Chartman

    Chartman Senior Investor

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    Hi @JR Ewing

    Is it time to start picking up Netflix stock after the recent fall back? Many many years ago they all said that content was the key to the internet, especially companies with massive back catalogues. Surely Netflix comes into this category?
     
  4. gowiththeflow

    gowiththeflow Senior Investor

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    Good prospects going forward, recent customer price rise has stuck and another 8m subscribers from what I heard - is that figure right?
     
  5. JR Ewing

    JR Ewing Super Moderator Staff Member

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    I ended up selling the 10 shares on 1/23 at $252.85... I'd bought them on 11/29/17 for $188.71... I may buy in again if they pull back much more.
     
  6. longtermbull

    longtermbull Administrator Staff Member

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    I still like this in the medium to long term - might see some short term profit taking. The management have been very very proactive of late and this seems to be paying dividends already.
     
  7. gowiththeflow

    gowiththeflow Senior Investor

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    So long as the stock market does not collapse, the current level offers a very interesting buying opportunity. There is certainly underlying demand for the shares and I would not be surprised if there is some kind of merger/takeover in the offing.
     
  8. longtermbull

    longtermbull Administrator Staff Member

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    Even in these volatile markets this share does not want to fall too far - is the company now at a size when it should be making acquisitions rather than waiting to be gobbled up by someone else?
     
  9. Buyonthedips

    Buyonthedips Senior Investor

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    And there we have it, the much anticipated bounce! There seems to be a lot of underlying demand for this stock and I would not be surprised if there are takeover rumours the foot.
     
  10. longtermbull

    longtermbull Administrator Staff Member

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    A few months ago this seemed a no brainer with the content they have and the takeover speculation which continues to surround the company. Wish I had gone with my gut instinct - another one down to experience lol
     
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