Netflix plummets after missing big on subscriber growth https://www.cnbc.com/2018/07/16/netflix-q2-2018-earnings.html
Priced for perfection, sorry they don't get a pass. But some company's will use the trade tariffs as cover for there earnings or forward guidance misses. Just watch!
Well I'm not claiming that it is THE top in Amazon, but taking into account NFLX news, probabilities and technicals point to at least a short term high:
And what do you know.....a miss in subscriptions and netflix is falling over 15% tonight, as I said the only thing netflix has is subs, this is like AOL back in the day....it's all about subscriptions....today proved just that!!!!
AOL didn't dethrone HBO for the king of Emmy nominations. Tech companies aren't as one dimensional as they were in the last bubble. Amazon isn't just a retailer. NVDA didn't just stick with graphic cards. NFLX isn't just about sending movies through the mail ( which is still the best part of company dammit!). The winners of the new world kept evolving.
Boy they just won't let go of this bull market. NDX 100 shook Netflix off. Lets see if more big tech comes up short.
Unbelievable.. can anyone look up last time NASDAQ/QQQ gapped down 1%.. and rallied this hard? and NFLX WTF? just imagine if it beat !?