NETFLIX is extremely overvalued
Updated
NETFLIX apparently is overvalued, however for some reason it hasn't been retracing much. On the other hand China and U.S is fighting with tariffs. My assumption is that it would finally trigger another financial crisis, starting with Chinese housing price dropping significantly. It is a well-known fact that China is in a huge bubble. If you don't, search 'ghost town china' on google and you'll find a ton even back years ago. It's just like Japan's bubble in the 1900s.
FANG, or Facebook, Amazon, NETFLIX and Google are the most over-valued companies in my opinion.
I wouldn't say that counter-trading CNBC fast money is a good strategy but based on my experience they began teaching 'how to buy ripple' when it was at the peak around 2.57USD, and few days later it crashed to below 0.6USD. It's them again shilling FANG stock prices on TV, and the chart happens to be another parabolic rise, potentially the very TOP. imagine what would happen next!
*Trade responsibly, this is NOT investment advice.
FANG, or Facebook, Amazon, NETFLIX and Google are the most over-valued companies in my opinion.
I wouldn't say that counter-trading CNBC fast money is a good strategy but based on my experience they began teaching 'how to buy ripple' when it was at the peak around 2.57USD, and few days later it crashed to below 0.6USD. It's them again shilling FANG stock prices on TV, and the chart happens to be another parabolic rise, potentially the very TOP. imagine what would happen next!
*Trade responsibly, this is NOT investment advice.
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Here it goes.
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