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NFLX Is a Safe Haven

This is a syndicated repost courtesy of Slope of Hope. To view original, click here. Reposted with permission.

I wanted to share with you the early performance of an initial public offering. Pretty dismal, huh?

Liquidity moves markets!

Follow the money. Find the profits! 

The above dog is none other than Netflix. You can see its lousy performance on the extreme left side of this chart. Suffice it to say, it really didn’t matter in the end. It is up literally about 44,000%.

I wanted to highlight Netflix not because it was reaching a new lifetime high (which, for instance, Amazon is) but simply to illustrate how well-formed the long-term and medium-chart chart continues to be. In spite of the very rich valuation of this creature, it continues to be seen as a “safe haven”, which years ago would have been perceived as hysterically funny.

Wall Street Examiner Disclosure: Lee Adler, The Wall Street Examiner reposts third party content with the permission of the publisher. The opinions expressed in these reposts are not those of the Wall Street Examiner or Lee Adler, unless authored by me, under my byline. I curate posts here on the basis of whether they represent an interesting and logical point of view, that may or may not agree with my own views. Some of the content includes the original publisher's promotional messages. No endorsement of such content is either expressed or implied by posting the content. All items published here are matters of information and opinion, and are neither intended as, nor should you construe it as, individual investment advice. Do your own due diligence when considering the offerings of information providers, or considering any investment.

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