Cuban Happy With Incidental Purchase of Netflix

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Mark Melin
Published on
Updated on
Cuba

Mark Cuban apparently recognizes the revolutionary aspect of the Netflix, Inc. (NASDAQ:NFLX) business model and is buying when there is blood on the street.  But was his recent “purchase” of well more than 50,000 Netflix shares entirely intentional?  This could be beside the point, as he, like other hedge funds, have modeled the future of media and determined that it will be Netflix, not traditional cable distribution business models, that have the greatest chance of success. After reporting earnings in line with estimates, shares of Netflix fell nonetheless in a tumbling market environment yesterday. Content discussions in Hollywood revolves around…

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Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.