Thursday, October 21, 2010

3 Cheers for Netflix

As mentioned, I bought this stock a few weeks ago when Blockbuster filed for bankruptcy - and only for that reason. Netflix (NFLX) rose 13% today. Not this week. TODAY!  All I can say is wow. Didn't see that coming, but happy I was standing in front of the train when it did.  Coincidently, their website went down today too.  What caused the gain?  They had 3rd quarter earnings rise 26%. Still, that's crazy. But I'm glad to be on that side of crazy.  Still keeping my eye on Fannie Mae and Freddie Mac. They're up to $.40/share each, but I don't think they're going to stay there long. I see $.30/share in their futures.  When/if they get back down there, I'll consider buying them again.  Why? Because they are still backed by the government and they recently sold at $60/share.  As The Terminator said, they'll be back....

1 comment:

  1. People are finding best AC dealers in the current life for different usage. There are several AC dealers are available now to provide the best service to clients. Ashjoehvac is one of the leading Ductable AC Dealers in Mumbai to offer extraordinary service to the customers.
    Ductable AC Dealers in Mumbai
    Commercial Air Conditioner Services in Mumbai

    ReplyDelete