If you think that pic of Netflix pitchman Jason Alexander is funny, you have to know the jokes that were in circulation about AOL disks arriving mail. One example: 101 uses for all the unsolicited AOL trial disks you received. As I mentioned a couple of months ago on my TORi show, Netflix will implode like AOL did in late 90s and early 2000s. Here is more funny stuff – from Netflix.

Either on this board or on Facebook, from time to time I have written something critical about Netflix, the stock. For, I know a thing or two about the business of ‘streaming’ video content. It ain’t as ‘sexy’ as the bulls of Netflix would have you believe. Thanks to my 20+ years of experience in studying things on Wall Street, I also know something about how mo-mo (momentum) stocks behave. But I didn’t really jump into shorting (technically short ’cause I buy puts, never short) until early August.

FYI, this stock traded as high was $305 on July 13, is now down $150 points in just two months. One would think that I made a ton of money especially since I saw this coming. Unfortunately, not! Unlike the week before -the only week in 4 weeks in which I did not have any short position in Netflix – I eked some gains in the face of 39 point decline on Thursday. If I waited for one more day,  i.e. till Friday, Sept 16 – on which Netflix dropped another 14 points to close at 155, down 55 points – my Netflix trades would have been more profitable.

A personal note:

I often get carried away with economic news on my TORi show. I recognize that I may be boring many listeners. This forum is more appropriate to engage in discussion with people of similar interest. I know for a fact that several hundred people are seeing my posts on economy and markets, but hardly anybody is posting any followup comments. I encourage more participation via comments. This is how we learn at least I learn that way!