Let’s talk about Netflix (NASDAQ:NFLX).
This is a name you know, Netflix. Look at its chart, it's pretty volatile. I was lucky enough the last few times to buy on dips and make a huge amount of money. So I've been waiting for this next step. It got a downgrade this week; I really don't care.
Obviously, it's not for the faint of heart. If you can buckle up and take the next ride, $340 to $350 area, takes you to $500.
Longer term, I do think this can be a $600 stock. I know it's got a 97 P/E and I know I'm crazy, nevertheless, if you have the stomach for volatility, Netflix I think is the stock for you.DISCLOSURES