The Market 2022-2023-2024

[Folster]

The trade executed at the opening dip today, more than $1 below yesterday's high, but whatever. (I figured that was a danger, but wanted to make sure things didn't get worse.) I'll be satisfied with my little 3% profit and a few days of entertainment -- which, quite frankly, is more than I've ever expected to get out of Twitter, which I regard as a cesspool.

I think you're on to something. If you can duplicate that return every 4 market days you'll have an annual return of about 650%! Eat your heart out Cathie Wood.

 

[elindholm]

I think you're on to something. If you can duplicate that return every 4 market days you'll have an annual return of about 650%! Eat your heart out Cathie Wood.

Not only that, but it offset my losses on OPEN over the same four-day period!

 

[BigRedRage]

I personally love twitter but I dont read comments, I dont tweet and I only follow about 15 accounts and I do not run algorithms, I just use chronological order for news and also occasional suicide girl photos in the feed.

 

[BigRedRage]

netflix down 21% after hours after disastrous earnings call.

As a netflix customer, hopefully they turn things around. I enjoy their streaming service more than any of the others.

 

[Devilmaycare]

netflix down 21% after hours after disastrous earnings call.

As a netflix customer, hopefully they turn things around. I enjoy their streaming service more than any of the others.

Yikes, I'm glad I dumped them awhile ago. I bought them during the 2020 crash thinking their numbers would look during the pandemic and that paid off. I knew those levels weren't going to last.

 

[Folster]

netflix down 21% after hours after disastrous earnings call.

As a netflix customer, hopefully they turn things around. I enjoy their streaming service more than any of the others.

Just came in to post this. Down 25% now. It was $700 6 months ago! Bill Ackman loaded up after the first crash around $350.

Just had a big rebound in the after hours. Probably some buyers trying to take advantage.

 

[BigRedRage]

Just came in to post this. Down 25% now. It was $700 6 months ago! Bill Ackman loaded up after the first crash around $350.

Just had a big rebound in the after hours. Probably some buyers trying to take advantage.

lol...I uhhh.....bought a tiny amount.

 

[BigRedRage]

every minute matters but since I posted 21% at 1:24 pm it is now 26% at 2:27

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[Folster]

lol...I uhhh.....bought a tiny amount.

just now in after hours or when it crashed earlier this year?

 

[BigRedRage]

just now in after hours or when it crashed earlier this year?

just now in after hours "Probably some buyers trying to take advantage."

 

[Folster]

just now in after hours "Probably some buyers trying to take advantage."

Down 63% off it's high. Incredible! It's always been overpriced in my eyes, but it may finally be near a fair value. I'll have to run the numbers, but I doubt, I'll have the appetite for another pure player in the streaming wars as I already have exposure with WBD and secondary exposure with AAPL and AMZN.

What price did you get?

 

[BigRedRage]

Down 63% off it's high. Incredible! It's always been overpriced in my eyes, but it may finally be near a fair value. I'll have to run the numbers, but I doubt, I'll have the appetite for another pure player in the streaming wars as I already have exposure with WBD and secondary exposure with AAPL and AMZN.

What price did you get?

$265

I'd love to see your analysis even though I only bought two shares.

 

[Devilmaycare]

every minute matters but since I posted 21% at 1:24 pm it is now 26% at 2:27

You must be registered for see images attach

Wow! I haven't been paying attention to them since I sold. Can't believe it's that low now. I sold at ~550. Really glad I got out now.

The price is actually lower now then when I originally bought it in March 2020 when the markets crashed. I'm seriously mind blown that they've fallen this far. I was expecting this "bad" price to at least be in the high 400s or 500s. I thought they were still up in the $600 range.

 

[BigRedRage]

Wow! I haven't been paying attention to them since I sold. Can't believe it's that low now. I sold at ~550. Really glad I got out now.

lol nice!

 

[Folster]

The catalyst seems to be that NFLX reported a loss of 200K subscribers for the quarter. They had projected a 2.5 million subscriber gain. That's quite the miss.

 

[BigRedRage]

700,000 subscriber loss from suspending operation in russia, per netflix at least

 

[Folster]

700,000 subscriber loss from suspending operation in russia, per netflix at least

Hmm. Still a 500K miss, but that does dampen the blow a bit. I read they beat earnings but were short on revenue as well.

 

[Folster]

$265

I'd love to see your analysis even though I only bought two shares.

Well. I went to look at NFLX this morning and realized my DCF model won't even work for them. They only have one year of positive cash flow in the last 10 years. I supposed you could do an earnings analysis, but I believe in using cash flows as earnings can be more easily manipulated. The value of an investment is based on its estimated future cash flows and I can't confidently predict NFLX will even have positive future cash flows.

So to quote the great Mark Cuban, "for that reason, I'm out."

 

[Folster]

I added to my WBD position when it was down this morning over 5.5% as it was dragged down with the gravity of the NFLX drop.

We're going to see more consolidation in the future in streaming. I think a Warner Paramount merger makes sense. It would give Warner a broadcast channel in CBS and the NFL/sports exposure they are lacking.

 

[Russ Smith]

The catalyst seems to be that NFLX reported a loss of 200K subscribers for the quarter. They had projected a 2.5 million subscriber gain. That's quite the miss.

I don't get how they were that far off they had to know that with the pandemic changing and more people going back to work subscribers would be down? They also increased prices. I'm sure I'm not the only one who sort of rotates through Netflix, Disney Plus, HBO max etc watches everything I want to see then unsubscribes? The pandemic everyone at home nothing to do NFLX was easy to peg but now none of them have enough content to keep me more than a few months IMO.

 

[Russ Smith]

700,000 subscriber loss from suspending operation in russia, per netflix at least

OK yes that explains their miss quite a bit

 

[puckhead]

All of these streaming services should bundle their packages, offer everything together under one guide, and the customers could pay for everything in a single bill once a month. They could name it after the way it gets in the house: Wire! (patent pending)

 

[BigRedRage]

I personally only pay for netflix and amazon and amazon is for shipping, not for streaming. The only reason I have hulu and disney is they are free with verizon.

I only watch like one movie or 4 episodes of television a week so all the catalogs are way more than I can handle, by far.

 

[Folster]

All of these streaming services should bundle their packages, offer everything together under one guide, and the customers could pay for everything in a single bill once a month. They could name it after the way it gets in the house: Wire! (patent pending)

Streaming is far from perfect but it's better than cable or satellite. The competition alone is great for consumers. The only major problem I have right now is continued integration of live sports within cable like large packages.

 

[puckhead]

Streaming is far from perfect but it's better than cable or satellite. The competition alone is great for consumers. The only major problem I have right now is continued integration of live sports within cable like large packages.

Local sports is the big hang-up for me and the main reason I still have DirecTV.

Still, our household would gladly pay a premium to have everything in one place to choose from on-demand. But, I'm sure the younger folks would think we're crazy and I'm fine with that.

Will get interesting if these streamers really start cracking down on the shared accounts/passwords.

YouTube probably dwarfs the rest of the streamers, though. They'll probably just end up taking over the world.