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Whitney Tilson Explains Why He Went Long Netflix, Says He "Hasn't Lost His Mind", Cites Business Insider To "Defend" Thesis

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Wed, 10/26/2011 - 11:58 | 1812853 FLUSA.com
FLUSA.com's picture

Denial...the first stage of death...

Wed, 10/26/2011 - 12:09 | 1812917 Jay Gould Esq.
Jay Gould Esq.'s picture

"Cites Business Insider." Akin to "Cites Laugh-In." 

Wed, 10/26/2011 - 12:47 | 1813079 redpill
redpill's picture

Here come the Red Dead Redemptions!

Wed, 10/26/2011 - 12:48 | 1813080 Robot Traders Mom
Robot Traders Mom's picture

Business Insider has to be lower on the totem pole than CNBC's website. Seriously.

While I'm at it, fuck them for bashing Ron Paul.

They're fucking amateurs, Dude.

Wed, 10/26/2011 - 13:40 | 1813287 TheFourthStooge-ing
TheFourthStooge-ing's picture

On a more personal note, I know that the recent swan dive by Netflix probably has your son on suicide watch. However, after his most recent stunt, I don't think you need to worry.

(For those who don't know, Robot Traders Mom's son attempted suicide by sitting in his mom's running car inside the garage with the garage doors closed. However, Robot Traders Mom drives a plug-in hybrid, which was plugged in at the time.)


Wed, 10/26/2011 - 14:25 | 1813553 Robot Traders Mom
Robot Traders Mom's picture

Thanks Shemp. I actually haven't seen him in awhile. I'm hoping he just got lost on the freeway.

Wed, 10/26/2011 - 14:42 | 1813660 Hephasteus
Hephasteus's picture

He's an oportunisic offender and well the low haing fruit is rotting right now.

Wed, 10/26/2011 - 14:21 | 1813530 gmj
gmj's picture

Business Insider often reports both sides of an issue with equal passion, but under separate clickbait headlines.  Then the haters from both sides pile on and accuse them of bias, etc.  This generates even more clicks, and life is wonderful.  They don't pretend to be deep.  They often provide links to in-depth articles, in case you really care about the issue.  I learn a lot at BI, and it's fun.  I don't have any problem with their style.  You just have to understand their game.

Wed, 10/26/2011 - 11:59 | 1812854 FOC 1183
FOC 1183's picture

can't make this shit up

Wed, 10/26/2011 - 12:27 | 1813000 JW n FL
JW n FL's picture

Maybe this will help him or some of you???


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Wed, 10/26/2011 - 11:59 | 1812856 bigwavedave
bigwavedave's picture

whiplash bitchez

Wed, 10/26/2011 - 11:59 | 1812857 dracos_ghost
dracos_ghost's picture

Gotta love Red Light/Green Light investment strategies.

Wed, 10/26/2011 - 12:13 | 1812932 Ted K
Ted K's picture

momo going up........ momo going down........

Wed, 10/26/2011 - 12:23 | 1812989 fonestar
fonestar's picture

Streaming media and "premium content" long-term price point is $0 IMHO. 

Wed, 10/26/2011 - 12:00 | 1812858 Hedgetard55
Hedgetard55's picture

Amazing to me that people will pay these fools money to handle their assets/money/investments.

Wed, 10/26/2011 - 12:01 | 1812860 tekhneek
tekhneek's picture

Blah blah blah.

He's just another contrarian indicator.

Opened fresh shorts.

Thanks Whitney for your succint research on the matter. I will be sure to short into oblivion every overbought, overvalued stock that you are long.

Wed, 10/26/2011 - 12:00 | 1812862 Archimedes
Archimedes's picture

Oh the criminal Henry Blogett wrote it. Well at least Joe "I am the dumbest f**king finance reporter in the world" Weisenthal did not pen it.

Wed, 10/26/2011 - 12:03 | 1812881 drink or die
drink or die's picture

How anyone can consider BI a legitimate source of news is beyond me.  It's more of a tabloid than anything else.

Wed, 10/26/2011 - 12:06 | 1812900 snakeboat
snakeboat's picture

Ditto. Saw the word Kardashian on there the other day.  Done.

Wed, 10/26/2011 - 12:49 | 1813084 oddjob
oddjob's picture

I think that was the September issue of Gigantic Asses.

Wed, 10/26/2011 - 13:32 | 1813244 Pool Shark
Pool Shark's picture



Gigantic Asses

Yep, that's an accurate description of BI...

Wed, 10/26/2011 - 12:00 | 1812864 ZippyBananaPants
ZippyBananaPants's picture

If we were all in cash, why would we want to mess with NFLX at all?

Wed, 10/26/2011 - 12:19 | 1812975 Azannoth
Azannoth's picture

If I was all cash I would be all in gold, but than again I am all in gold :)

Wed, 10/26/2011 - 12:00 | 1812865 AngryGerman
AngryGerman's picture

hilarious. throw money away. then ask for bailout.

Wed, 10/26/2011 - 12:00 | 1812866 ZippyBananaPants
ZippyBananaPants's picture

If we were all in cash, why would we want to mess with NFLX at all?

Wed, 10/26/2011 - 12:02 | 1812867 bob_dabolina
bob_dabolina's picture

Meanwhile you can get their product for FREE at 30-40 websites I can think of off the top of my head. 

As a matter of fact, I believe "Margin Call" was just released on Pirate Bay a few days ago.

Meanwhile Netflix has a shitty variety of movies...this model won't work. 

...and can't you get movies for a fucking dollar at redbox?

Wed, 10/26/2011 - 12:17 | 1812959 fuu
fuu's picture

yo ho ho momo no no

Wed, 10/26/2011 - 12:35 | 1813037 bob_dabolina
bob_dabolina's picture

oh no homo don't know

Wed, 10/26/2011 - 12:01 | 1812873 s2man
s2man's picture

"they began to demand higher and higher prices for their content."


Wed, 10/26/2011 - 12:01 | 1812874 ZippyBananaPants
ZippyBananaPants's picture

If we were in all cash, why would we want to mess with NFLX at all?

Wed, 10/26/2011 - 12:04 | 1812887 LongSoupLine
LongSoupLine's picture

well, well, well...Tilson's on CNBS as a "special guest" as I write.

Too predictable...massive damage control. (read: Bear CEO on just before crash)

Wed, 10/26/2011 - 12:06 | 1812896 jcaz
jcaz's picture

Nope, hasn't lost his mind- just making another shitty trade.

Gee- no clue about forward revenue, a flawed and opaque business plan, no margins, competion ramping up left and right, and a CEO that is hiding under his desk-   yeah, that's the recipe for a long-term winner......

His month to date performance record says it all- he's trying to catch a wave. 

Whitney- the newest mo-mo guy.

Wed, 10/26/2011 - 12:09 | 1812911 s2man
s2man's picture

I made a shitty trade like that, once.  Knee-jerk "its dropped so much I can't go wrong". Wrong. 

Maybe I could be a fund mgr.

Wed, 10/26/2011 - 12:16 | 1812952 tekhneek
tekhneek's picture

It's called "catching knives" and we've all done it. Most of us tend to do it with our own money though so there's actual consequences.


Wed, 10/26/2011 - 12:20 | 1812977 malikai
malikai's picture

Yep. Now where do I sign up for doing that with someone else's money?

Wed, 10/26/2011 - 12:46 | 1813043 ViewfromUnderth...
ViewfromUndertheBridge's picture

I leave a small part of my latest dumbest-trade on...more effective than going on TV denying it.

Wed, 10/26/2011 - 12:41 | 1813058 Hot Apple Pie
Hot Apple Pie's picture

Yeah, once you learn the hard way with your own cash you tend not to repeat the mistake. Oh, to be on Wall Street where I can risk other people's money and get a cut when it goes up and have to live off my meager six-figure bonus when it goes down.

Wed, 10/26/2011 - 12:06 | 1812899 AnarchoCapitalist
AnarchoCapitalist's picture

Why would Amazon want to acquire NFLX? Amazon already has a successful streaming business via Amazon Prime. This guy is desperate.

Wed, 10/26/2011 - 12:10 | 1812918 NotApplicable
NotApplicable's picture

Only to kill it, I'd reckon.

Wed, 10/26/2011 - 12:13 | 1812905 Hustler Elite
Hustler Elite's picture

Tilson should learn to manage his emotions better and not make rash decisions such as going long... right after a loss on his short.

This looks like a trading strategy based on technical indicators rather than a "value" based strategy as he proports to uphold.

As for his month to date performance, yeah he is up... in a month that the S&P is also up about 6% (Oct.)

Wed, 10/26/2011 - 12:09 | 1812909 I am a Man I am...
I am a Man I am Forty's picture

still more expensive than Apple with absolutely shitty guidance while Apple has great guidance and is selling iPhones hand over fist

Wed, 10/26/2011 - 12:15 | 1812947 Ted K
Ted K's picture

You're 40 damnit!!!!!!!!!!!!!!!!!!

Wed, 10/26/2011 - 12:16 | 1812954 I am a Man I am...
I am a Man I am Forty's picture


Wed, 10/26/2011 - 12:09 | 1812910 slaughterer
slaughterer's picture

If we get QE3, NFLX will go to $125, conservatively.  That's a 60% ROI.    

Wed, 10/26/2011 - 20:18 | 1814950 Vlad Tepid
Vlad Tepid's picture

And the whole time your ROI is being taken into negative value territory while the numbers stay positive because of the inflation QE causes in equities. Baaaaaaa-uy, Lamby-kins.

Wed, 10/26/2011 - 12:09 | 1812914 The Axe
The Axe's picture

i will wait for the secondary, which is sure to come...

Wed, 10/26/2011 - 12:14 | 1812940 jcaz
jcaz's picture

Yep, no doubt they're talking to investment bankers right now, gonna spin the secondary as "bridge capital necessary for the Global rollout".....  Whatever, dudes......

Personally, I still have my Netflix account, until something better and cheaper comes along....  I can only imagine the secondary will try to quantify my "loyalty" in some positive number, LOL!

Wed, 10/26/2011 - 12:09 | 1812919 Bam_Man
Bam_Man's picture

This is compulsive gambling behavior.

There are plenty of stocks out there that have crashed just as hard as NFLX and represent far better value. Take RIMM, HPQ and FSLR for example.

If you are an investor in Tilson's fund, the fact that he chose NFLX instead is absolutely scary.

Wed, 10/26/2011 - 12:16 | 1812934 bob_dabolina
bob_dabolina's picture

FSLR sucks. You know why FSLR sucks? Because solar sucks. 

If there was a market for that shit it wouldn't need all these government subsidies. 

It's just another stock to chase...like enron, worldcomm, tyco, etc. Not saying they are a fraud (fslr) but it's just another donkey to jump on. You know the drill, jump on a donkey and pretend it's a Ferrari

Wed, 10/26/2011 - 12:18 | 1812968 moldygoat
moldygoat's picture

Solar wont suck when GE starts producing it. They are just biding time untill they can buy all the tech at pennies on the dollar then wham......one presidential reach-around and solar is great. I think Immelt is a power bottom BTW.

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