NFLX, Netflix revisited.

nflx june 20 2018nflx june 20 2018 log

Yes we did get this one completely wrong a few hundred dollars ago. Nevertheless we cannot resist the temptation to warn that this stock is vulnerable to a pull-back (to the other side of the channel would bring the stock to $41??). Have we seen this movie before? The p/e is running north of 279X if that helps.

By the way, this looks a little like Boeing in the previous blog, both may be flying high.