Retirement Portfolio Management: Selling Netflix Into Strength And Buying Achillion For Strength
By Regarded Solutions:
Just last week I decided to take profits in Netflix (NFLX) by selling half of our position. The shares had more than doubled and by using a money management approach as outlined in this article, we could take back our original investment and let the "house money" continue to run.
It has become much more clear to me that we might have reached a top in the NFLX share price as competitors like Amazon (AMZN) (perhaps even Google (GOOG) move into the Netflix sandbox, of streaming videos and proprietary programming.
I am by no means stating that Netflix is a bad investment, quite to the contrary, I still believe that this company will be a strong producer, but the cost of entry into their business model is not very costly. Especially for companies like AMZN and GOOG who seem to have an endless supply of cash ...