Netflix Shares Go Parabolic

March 12, 2010 at 9:25 am  ·  Category: Fundamental Analysis, Stocks, Technical Analysis

Admittedly, Netflix (NFLX) is kicking butt.  Its fundamentals are superb with 20%+ quarterly subscriber, revenue and earnings growth.  But mightn’t the stock have gotten a little ahead of itself after a 250% run over the last 18 months?

I’m not the only one who thinks the shares have gotten a little pricey.  Last Wednesday, three Wall Street firms downgraded shares.

nflx-all-available-chart

Disclosure: Top Gun is short Netflix (NFLX) shares.

Posted by Greg Feirman  ·  Trackback URL  ·  Link
 

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