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Forum - Wall Street Pit (Netflix - NFLX)    Stock Due Diligence for All

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From: tokyopua (Rep: 97)Date: 2011-01-28 19:13:33
Forum: Wall Street Pit - Thread #673154076 - List NFLX msgsMsg #2075983 - Part 1/5 (Rec: 0)
NFLX CEO sold all his remaining shares today:

http://finance.yahoo.com/q/mh?s=NFLX+Major+Holders

Holder Shares Reported
HASTINGS REED 0 Jan 27, 2011

http://finance.yahoo.com/q/it?s=NFLX+Insider+Transactions

Jan 27, 2011 HASTINGS REEDOfficer 5,000 Direct Option Exercise at $1.50 per share. 7,500
Jan 27, 2011 HASTINGS REEDOfficer 5,000 Direct Automatic Sale at $207.11 per share. 1,035,550
Jan 20, 2011 HASTINGS REEDOfficer 5,000 Direct Option Exercise at $1.50 per share. 7,500

OK, sure enough, zero shares as of selling today.

Nice DD, feel ALL THE MORE SECURE about having shorted today. Get out at the top like the CEO = smart move. He apparently saw the great market crash of 2011 coming too. Give the guy some credit, he is like Mark Cuban, selling all he has at the EXACT TOP.

I am a pickup artist, not an investment advisor, you would be crazy, stupid, and foolhardy to follow any of my personal investments. Dont buy or short anything I talk about, dont pass go, and dont collect $200.  These posts, including my retorts to certain posters, are for entertainment purposes only.
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From: mysher (Rep: 90) reply to tokyopuaDate: 2011-01-29 09:19:29
Forum: Wall Street Pit - Thread #673154076 - List NFLX msgsMsg #2076035 - Part 2/5 (Rec: 0)
Great DD tokyopua Re: NFLX CEO sold all his remaining shares today:

The Trend is your Friend, whether UP or DOWN.
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From: tokyopua (Rep: 97) reply to mysherDate: 2011-01-29 14:53:29
Forum: Wall Street Pit - Thread #673154076 - List NFLX msgsMsg #2076087 - Part 3/5 (Rec: 0)
Thanks Mysher, but I think I made a mistake. There are still "indirect" shares that he still owns in a trust or something. Sounds fishy to me, like a way to evade taxes or something, but nonetheless, upon doing furhter DD it seems he still owns over a million shares. I still think it can work as a short if we hit this market correction given the 80 plus PE and possible competition issues, but I dont have as much conviction now as when I thought the CEO had sold all his shares.

I am a pickup artist, not an investment advisor, you would be crazy, stupid, and foolhardy to follow any of my personal investments. Dont buy or short anything I talk about, dont pass go, and dont collect $200.  These posts, including my retorts to certain posters, are for entertainment purposes only.
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From: werealldoomed (Rep: 9) reply to tokyopuaDate: 2011-01-31 08:54:41
Forum: Wall Street Pit - Thread #673154076 - List NFLX msgsMsg #2076294 - Part 4/5 (Rec: 0)
Sold out Friday, it looked like a blowoff top but who knows with this stock.
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From: werealldoomed (Rep: 9) reply to mysherDate: 2011-02-02 14:55:39
Forum: Wall Street Pit - Thread #673154076 - List NFLX msgsMsg #2078356 - Part 5/5 (Rec: 0)
timed this one right for a change
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