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Yeah Jeremy was looking at this price point for a Netflix entry

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Cramer agrees it is cheap. Maybe hasn't bottomed yet. Haha

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kiss of death

reverse Cramer

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According to the fair price formula, Netflix has an upside potential of 15.6%, which means that it is currently undervalued by the market.

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Maybe. What makes NFLX interesting here is that a bottom thesis can be tied to actual business strength, not just hope.

If this level holds and it stops making lower lows, I’d rather look at NFLX than a lot of the story names getting tossed around right now. For me the key is whether this is real absorption or just the first bounce in a larger unwind.