11-22-2011, 03:53 PM
Yeah, I'm tempted to buy into Netflix stock but it's still a question of "how low can it go".
I still don't see them going under. I would like to say it's possible that they overestimated the interest in streaming but I've also heard that Netflix is the internet's #1 single bandwidth consumer -- people like streaming, when they can get it, and Netflix streaming is part of what makes it possible to cancel cable.
So now I'm not sure if I should buy into it and we'll see Netflix at 150 by this time next year, or buy into it and we'll see Netflix at 15 (or lower) over the next 3 months... Netflix is a gamble.
I still don't see them going under. I would like to say it's possible that they overestimated the interest in streaming but I've also heard that Netflix is the internet's #1 single bandwidth consumer -- people like streaming, when they can get it, and Netflix streaming is part of what makes it possible to cancel cable.
So now I'm not sure if I should buy into it and we'll see Netflix at 150 by this time next year, or buy into it and we'll see Netflix at 15 (or lower) over the next 3 months... Netflix is a gamble.