I am taking a little time off up at my summer home in Maine, mainly to escape the heat and humidity of Maryland. My home is about 10 miles from Brunswick, home to Bowdoin College, a nationally renowned liberal arts school. I say that for a reason, because one of Bowdoin's most famous alumni is a gentleman named Reed Hastings. Now Reed Hastings is not exactly a household name, but certainly the company he founded in 1998 is … the name of that company is Netflix.
I just finished watching an interview with Reed Hastings and wow, is he ever focused on delivering a first-class customer experience. Before I go any further and for full disclosure I do subscribe to both Netflix's streaming and DVD service.
As Netflix (NASDAQ:NFLX) just announced their earnings yesterday after the bell, I thought maybe it's time to update my outlook on this stock again. I have been talking about this stock's upside potential for months and I am not alone as Carl Ichan also likes Netflix and is one of its biggest investors. Yesterday's dramatic drop after Netflix announced its earnings was perhaps a little bit of a knee-jerk reaction. In today's video, I will be looking at both long-term and intermediate-term trends using MarketClub's tried and trusted Trade Triangle technology.
The old adage of "follow the money" applies to all stocks and is the right one to use, in my opinion. So without further ado, let's delve into the world of Netflix (NASDAQ:NFLX) and see where it has come from and where it's going.
So what are you waiting for? Let's get started right away!
I think you'll enjoy this short educational video as I walk you through every trade signal we have had in Netflix for 2013. You will also gain a great understanding on how to incorporate our easy-to-use Trade Triangle technology into your own portfolio.
All the best,