@BillAckman on $NFLX
First purchase:January 21β26, 2022
Bought more than 3.1 million shares, investing approximately $1.1 billion
Sold everything: April 20, 2022
Liquidated the position after disappointing subscriber results
Realized loss: April 2022
Approximately $400β430 million, roughly 35β40% of the investment
Second purchase: Q2 2026
Reestablished a position of approximately 3.15 million shares
New stake disclosed: August 12, 2026
Netflix represented approximately 4.9% of the reported portfolio
$NFLX on pace for a new closing 52wk low.
All of these self inflected losses were avoidable if he had just avoided the stock while it was below the 200sma.
And I'm supposed to be convinced he's some brilliant dude, meanwhile he can't put a lagging indicator on his charts?
Mind you, no buys on $NFLX in 2023-2025 when it price was above a 200sma.
Hard to be that bad.
US State Dept is preparing to issue an ordered departure of some personnel and family members at US embassies across the Gulf - US Officials
The reason for the downtick across the market.