What We're Reading

You mean when you raise prices, it affects subscriber levels?  No one told Reed Hastings and nor did he forewarn the market of the drop which was coming.  NFLX already has streaming competition from HBO (TWC) and talk is being bandied about that CBS will be joining that pool along side AMZN and others and well, it all equals = more competition.  NFLX is no longer 'unique'.  Yes I am short this pos based off the technical divergences on the daily chart.  Burnt popcorn anyone?

• Semiconductors are finally seeing some heavy volume this morning in $SMH.
• David Letterman (67) announced his retirement in 2015 as he has struggled in 3rd place with the much coveted 18-49 age group behind front runner Jimmy Fallon and Jimmy Kimmel.  Fallon has built himself a comfortable lead and maybe Letterman saw the writing on the wall.  I'd look to buy $CBS stock at lower valuations with eager anticipation of just "who" will be his replacement.  This would be an excellent opportunity for CBS to "update" their boring image (my opinion strictly).  Come on CBS - something with zombies please.  *lol*