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Why Milton Berg Is Shorting Netflix

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Jun.29 — Milton Berg, founder and chief executive officer of Milton Berg Advisors, discusses his short of Netflix and Deutsche Bank, his call on Bitcoin, and the outlook for tech stocks. He speaks with Bloomberg’s Vonnie Quinn and Mark Barton on “Bloomberg Markets: European Close.”

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5 Comments

  1. five00pagesaday

    June 29, 2018 at 8:02 pm

    was this idiot reading off index cards? I love how he shorted Netflix and is going long Deutsche Bank. I can't tell you where Netflix is going because its on hype in the media sector mergers and alike, but I can tell you Deutsche Bank is going to $3 then nationalization. This idiot is underestimating Deutsche's investment in Italy and what that means for the company. Nationalization is next my friends

    Reply

  2. Timothy Rudy

    June 29, 2018 at 9:04 pm

    Exhaustion gap? Give me a break.

    Reply

  3. Jorge Arellano

    June 30, 2018 at 12:00 am

    I could never pretend to know more than this guy but I would stay away from popular stocks like Netflix, Amazon, Tesla, Facebook, Apple if I were a short seller. Those companies aren't valued by reason or technical analysis, Netflix will continue to find ways to grow its user base and regardless of what the technical analysis tells you, investors will buy the stock for the sole reason they're still growing.

    Personally I think Netflix is priced to perfection, I like the product but I don't think the content is that good in comparison to HBO or Disney or even Showtime. But they have the distribution and they own the customers so they can just keep trying to create other hits.

    And also, I find as liability that Netflix doesn't want to diversify at all. One disruptive company can make all the success go away.

    Reply

  4. scrone888

    July 2, 2018 at 8:33 am

    "Short Netflix"
    Me: mmm okay
    "Buy Deutsche Bank"
    Me: errrr…
    "Buy Bitcoin"
    Me: LOL

    Reply

  5. Margaret Rose

    July 26, 2019 at 11:03 pm

    It looks like Milton called the exact day of the top!! It is nor July 26 2019 and NFLX is down considerable from the day of this video and it has never exceeded that high!! Amazing!

    Reply

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