Watching the charts the last couple of days, there were some major stock dumps. Oddly enough there were plenty of buyers who think $125 isn’t the top and the stock price barely flinched.
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Netflix Sued Over False Statements, Yet Stock Breaks $90 again?
“While Netflix stock was inflated partially by Netflix buying back its own stock, company insiders were selling 388,661 shares of their own Netflix stock for proceeds of $90.2 million,” according to the complaint.
Read moreNetflix A Bargain at $77
At todays price of about $78, way off the peak of $304 and 36% off of yesterdays $120, Netflix looks like a fair buy if you can weather the storm of baloney from Wall Street and everyone else that wants to take a poke at a company that delivers, especially when they deliver on demand.
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