Oversold; Fundamentals NFLX

- Dropped 40% from ATH
- Still a safer asset if the economy were to weaken, since they are going full speed on the Ad-tier plan
- Based on RSI, it is oversold.
- Most of the negative reaction to the acquisition of Warner Bros. has been priced in. On the other hand, if Warner decides to call off the deal to pursue a different merger, the stock would immediately increase since they would also collect a $2.8 billion breakup fee
- If they do win the bid, they would acquire more content and IP, which would improve the product long term; and it would also help lower CACs. So I see some positives either way if you bet on this long term.
- YTP dropped to single digits; Lowest PE going back to 2023. As a blue chip that is growing with a strong customer base and great content, its fundamentals don't justify the price.

Bought at 93
TP: 115
There is another supportat 85