Market value evaporates $40 billion, but it doesn't scare individual investors! Netflix (NFLX.US) welcomes the bottom fishing frenzy.
According to the Smarter Finance and Economics APP, market concerns about Netflix's (NFLX.US) proposed acquisition of Warner Bros. Discovery (WBD.US) have led to Netflix's market value evaporating by $40 billion in just six trading days. However, for retail investors, this is actually a strong buying signal. In the week ending Monday, Netflix was the third most actively traded stock on the Interactive Brokers platform. On the Fidelity platform, the number of buy orders exceeded sell orders, with a ratio of over three to one. JPMorgan's data also shows strong buying momentum from retail investors.
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