Thursday, January 26, 2012

Go Bottom-fishing for Netflix at $96

Netflix (NASDAQ: NFLX ) On Sept. 2, when the stock was at $213.11, our "Top
Stocks to Sell in September" said that the company was "in danger of losing
market share to other streaming video services… Technically it broke its
200-day moving average… Sell into strength." The stock fell to under $62
after our sell recommendation. But after the close yesterday, Netflix surprised
Wall Street analysts by earnings 73 cents a share when they were expecting 54
cents per share.

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