NFLX bubble is going to burst big time and be in the low 200s again

NFLX is a ticking time bomb. their subscriber numbers are cooked up and here's why. a majority of their subscriptions are through wireless carrier perks. and let's say you switch ur carrier or drop the perk , they don't automatically cancel the account.

instead they put it "on hold". I personally got annoyed of the emails asking to make it active again as I was genuinely annoyed with the ads tier, and didn't feel like being on a 18 per month plan since I no longer watch it , so when they report their subscriber numbers they include all the accounts that's "on hold', even though they aren't revenue generating membership, but technically not cancelled unless u take ur time to call and cancel.

now the stock itself might keep going higher especially if the markets continue the year end rally, but at some point this bubble is going to burst big time and be in the low 200s again... so beware of buying any new stocks at this high price...just my take and experience ...Glta!!!

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