Kanon8260

NFLX Waiting for implosion patience It will paid of if im right.

Short
Kanon8260 Updated   
NASDAQ:NFLX   Netflix, Inc.
The past 5 months, this absurd rally so quicly often happens when fund managers and speculators want know they are near the cycle ends, watching nflx fundamentals, they expect nflx growth at the same level, 35% revenue last year but also their cost rise by 30%, trading 135 x P/E, When you have so much competitors now, including, Comcast,Warnerbros,HBO, Disney,Apple, Netflix cash flow decrease by 50% last year only, why i want doesn't have cash, im pretty sure they are gonna anounce they are gonna raise more debt, and the currently balance they have like 25 B assets and 20 B In debt. over the long term I honestly companys that actually make money, like DIS, in this enviroment we probably are going to shift to companys with high cash flows. Im gonna buy OTM 350 Put Expire on May 3, I Think that netflix is going to go back to the negative trend, so expect price to drop below 200 SMA. If im wrong im willing to loose 1k, but i think 2 to 3 x my risk. because in order to nflx to make higher multiple needs to raise his forecast. i dont think they could do so. no with so many competition and with no cash this is gonna be below 300. GL To all
Trade closed: target reached:
Nothing is better than to be right with humility! Gl in your trades! :D
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