I like it when I lose money but know I didn't get in at the top. lol All jokes aside, I'm not looking for a quick rebound though, looking to hold for at least end of 2022.
Far better companies to hold for a year. Funnymentally NFLX has shot its load. Anemic growth other than in places like India where revenue per subscriber is miniscule.
While everyone is focused on NFLX did yall notice AMZN is in bear territory -23.12% down on today's low from last July's ATH?
AMZN is just another bloated pig like most of the "safe" large cap tech stocks. Only Google & Facebook are reasonably priced. NFLX 40 times EBITDA AMZN 65 times EBITDA AAPL 25 times EBITDA MSFT 23 times EBITDA FB 16 times EBITDA GOOG 13 times EBITDA Netflix would have to fall another 67% to reach Googles number. AMZN would have to fall another 80%. edit: I forgot about the biggest bloated pig of all: Salesforce. $455 million EDITDA & $221 billion market cap. Truly astounding. 486 times EBITDA.
And why AMZN and NFLX are in bear territory already. My point. Earnings, we don't need no stinkin' earnings. Price is all.