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Netflix Was Hammered

By: Decomposed in ROUND | Recommend this post (0)
Thu, 15 Sep 11 4:07 PM | 67 view(s)
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NFLX is off 17 percent in pre-market trading, down to $176/share.

It issued weak guidance based on a less-than-expected subscriber base, and ended its $9.99 plan for both DVD rental and movie streaming, dividing them into TWO plans at $7.99 per month apiece.

http://www.marketwatch.com/story/netflix-cuts-us-subscriber-outlook-2011-09-15?dist=beforebell

Bummer. A lady I work with bought NFLX at the IPO... $9/share. So, while I wish I had such problems, she's definitely feeling some pain this a.m.




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Gold is $1,581/oz today. When it hits $2,000, it will be up 26.5%. Let's see how long that takes. - De 3/11/2013 - ANSWER: 7 Years, 5 Months


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