It's Good to be an Optimist…Just Don't Be Stupid…And Check out Netflix (NFLX)

Posted by Howard
on March 19th, 2008

Keeping with the optimism…check out NETFLIX (NFLX) . Don’t hate me because I am a playa’! No one has been more bearish over the years on Netflix, but something is cooking in the kitchen people. Do tell me?

So I picked a good time to get positive on American Express, Goldman, Apple and Amazon yesterday and last week.

I am too lazy to link back to last Friday, but my fishing post had Fannie Mae as a ‘tell’. I figured being a teenager so fast was just enough for the time being. It closed at freaking $28 so the market now has about $9 bucks of Fannie Mae breathing room, a Visa IPO, Apple, Amazon and a lot of screwjobs loaded up on triple lindy inverse ETF’s (I actually am short China through FXP and took a loss as I thought I would on Nasdaq (NDAQ) this afternoon).

As per the don’t be stupid…dudes there is major damage to stocks and it will take some time to get new leadership. Not many pickings on the all-time high list and even though there are some, the market is just not right. For most investors, less is still more. Also, read Roger on the subject …he’s THIS blog’s macro read and should be YOUR’s. He should be yours because he has been in the trenches with the big dogs and gotten out ON TOP.

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