As you might guess, I’m not exactly a fan of boxing matches. Still, everyone in the country was quite aware of the Tyson/Paul fight that was broadcast live on during the weekend. As you also know, Netflix was slammed by the media for not having the bandwidth to provide a reliable video to that many people watching at the same time.
Folks on /wsb were shouting about how NFLX was going to get absolutely destroyed in the market. As Howard Stern declared above, NFLX would have “hell to pay.” Well, yeah, it did open weak, but it found support at PRECISELY the trendline and is at lifetime highs right now. So……..just goes to show that news isn’t a great basis for any equity decision.
