(This is an excerpt from an article I originally published on Seeking Alpha on August 14, 2012. Click here to read the entire piece.)
Netflix (NFLX) is a classic bear/bull battleground stock. Depending on your mood, you can be convinced by the bullish or the bearish arguments. {snip}
In the near-term, I think the biggest positive catalyst NFLX can get is a massive purchase of shares by CEO Hastings Reed. Reed certainly has enough money to do his own repurchase plan. {snip}
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Note well that I give considerably more weight to executive purchases than director purchases. {snip}
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Why bother at all? Well, I have to admit I am now a very biased user of Netflix streaming. I started off an extreme skeptic because I found so little of interest in NFLX programming. Now, I find the service extremely useful for children’s programming and for providing me mobile, anytime, anywhere movie viewing. {snip}
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Source: FreeStockCharts.com
Be careful out there!
(This is an excerpt from an article I originally published on Seeking Alpha on August 14, 2012. Click here to read the entire piece.)
Full disclosure (at the time of writing): Long NFLX shares and puts; long FB shares and puts and short calls; long AMZN