18 October 2004
Faithful readers will remember that I bought Netflix stock a couple of years ago at $7.00 and sold it shortly thereafter at $9.00, thereby missing out on an incredible run as the stock zoomed to $70 and above. Anyway, Netflix has been up and down since its peak, and, on rumors of a price war, it just plunged 41% to $10.30, not too far above where I originally sold it. I may be forgetting a stock split or two, so this probably isn't quite as catastrophic as it seems. Still, I'm better off sticking to index funds.
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