Netflix Roaring Higher

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There are some folks who think that Netflix, which has a triple-digit price/earnings ratio, is insanely priced. I’m a chartist, and when I see a chart like the one below, I don’t go anywhere near it, either long OR short. It’s just nuts.

slopechart_NFLX

And, now that earnings are out, I can tell myself again there’s a reason I don’t touch NFLX.

NFLX

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