All Binge, No Purge

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We all know how incredibly expensive Netflix (NFLX) is. Even after this extraordinary pummeling, shareholders are demanding over 80 YEARS of earnings in exchange for their stock.


So surely the stock has been a wreck in this savage market, right?

NOPE! It’s up over 11% for the year!

slopechart NFLX

I guess people just can’t get enough of their tee-vee, particularly when we’re all housed in our minimum security prisons. I am pleased to say I haven’t dared short this stock once in 2020.

slopechart NFLX