I'd looked at technicals and thought NFLX was reasonably discounted a couple months ago. Given this price plunge, I thought it fair as risk/reward despite the troubled fundamentals.
Consulting with other investor friends, all recommended I stay far away as NFLX is done for, and the party is over due to the competition, with a focus on Disney Plus mostly as the major competition, amongst others.
I ended up cancelling my limit orders at 1600'ish. The stock has since rallied at least 100% and NFLX seems to be defying odds, also introducing new features and plans as well as expanding into so many (developing) countries such as within Africa with plans to produce local content across different regions etc.
Where you surprised that Netflix has ended up performing better than a good number of stocks lately? Was anyone on the edge too at the time and didn't buy? Are you still happy with that choice or do you think the company itself is now steered in the right direction?
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