Abstract: Explain the reasons of buying US stock Netflix (NFLX) and share my views.
What I want to share with you today is the transaction I made on May 6. The details are as follows:
Reasons for buying Netflix
Netflix has fallen to a new low again, and it has fallen to this level. The stock price is already lower than before the 2019 pandemic, but the number of subscribers is actually much higher than before the pandemic. In this regard, I think the stock price is very worth it. Of course, I understand that the market expects that Netflix’s subscribers may continue to decline in the future, but I also think that the current market sentiment towards Netflix is extremely pessimistic, so if there is a chance to do better in the future, I believe that the stock price can really possibly rise again at least a little bit. On the other hand, I agree with what Elon Musk said recently, don’t sell stocks just because of poor market sentiment, as long as you think the quality of the company’s products has not deteriorated, and I think the quality of Netflix’s series and movies in recent years is getting better and better, so I want to give the management more chances to see if they can turn things around this time. Netflix’s management has been doing a good job before, Let’s see.
Comments and sharing
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