There are some folks who think that Netflix, which has a triple-digit price/earnings ratio, is insanely priced.
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.
And, now that earnings are out, I can tell myself again there’s a reason I don’t touch NFLX.
This is not meant to be a recommendation to buy or to sell securities nor an offer to buy or sell securities. Before selling or buying any stock or other investment you should consult with a qualified broker or other financial professional. The author has no business relationship with any company whose stock is mentioned in this article nor is receiving compensation from any of the companies mentioned.
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