Investing in Netflix?
 

http://www.google.ca/finance?client=ob&q=NASDAQ:NFLX

Curious on what people opinions are with investing in Netflix. It took a couple years before it started to profit, but now that it is, and with stores like Blockbuster on the brink of bankruptcy and Netflix allowing streaming movies right to your home, and their connection with xbox im curious to see what others think of it.

Personally in my opinion, in the age of rapidly changing technology. Stocks like this are very risky in the long term.

No one knows whats going to happen to pirating laws (Apparently theres a big battle going on with piratebay.org) that could change the whole landscape of this business, the types of media its played on cd, dvd, blueray, streaming and how long this type of technology lasts before its outdated

As a short term play, especially once the economy starts picking up again i can see them making money, but no one knows what how long its going to last for and what kind of competitors can enter their market.

I would invest just a little bit to diversify my portfolio....

Its a tech company with low barriar of entry and broad competitors from multiple industries!

So.. I wouldnt bet too much