Moving to the sidelines in Netflix may have looked like a smooth move at the time, but as it turns out, Brian Kelly fumbled this play.
BK made the fateful call on December 17th as a bet that valuations were stretched after the stock had climbed more than 200% in calendar year 2010.
”This is a no touch for me,” he said at the time. “Stay away; there are better places to be.”
As they say, no guts no glory. Since he said to move to the sidelines shares of Netflix have gained another 18%.
So what does Kelly think of Netflix now? Find out in this web extra. Watch the video now!