00:00 - Talk about what they're gonna come out with.
00:02 I mean, the options market's pricing
00:03 about a 14% move in either direction.
00:05 Last quarter, the stock sold off 35%,
00:07 25% the quarter after that.
00:08 So here's the good news about having that
00:10 kind of whisper number about the amount of subs
00:12 they're gonna lose.
00:13 It's kinda out there if it's not much worse than that.
00:16 I do expect one more big gap lower in the stock,
00:19 but I would not be kinda waiting around
00:22 for some big company to buy,
00:24 a company that is run by Ted Sarandos and Reed Hastings.
00:27 I don't think those guys are gonna be selling
00:29 for $75 billion market value, that sort of thing.
00:32 So to me, I think that's gonna be a really tough
00:34 pill to swallow here, but I'm long the stock.
00:36 I bought it last month,
00:37 and I'm actually waiting for another gap lower.
00:40 This bottom is gonna take a while
00:42 because the transformation of this company
00:43 is gonna take a while too.
00:45 So I don't think there's any V reversal
