Wednesday, January 2, 2008

NFLX (NetFlix): I want to short this badly...

Welcome to 2008. My overall thoughts just like everyone else's is that it will be a choppy year however I truly believe there will be opportunity to profit if we're smart about it. I think there will be a rise after 1st quarter earnings but anything will be erased once gas prices hit four dollars and subprime reminds us that it hasn't completely gone away.

So to bein the new year, I want to short NetFlix. My main reason is Apple is rumored to be delivering HD movie rentals to the door now. Frankly, Apple can do it. It has the infrastructure and the following in place to do it. Also, it's at an all time high with the recent upgrades. I'm sure they haven't accounted for that. If I can, I'm going to short.