Buy Netflix

I just bought NFLX in my retirement account at $120.  NFLX has been beaten down badly in recent months after announcing the exodus of 800,000 customers in response to increasing prices.  You can see in the chart below that in the last 6 months, NFLX dropped from over $300/share to below $63.  It has now climbed up to $120/share and seems to be headed up again.  I believe it has been overly punished for the loss of customers and is underpriced.

I bought NFLX with a stop at $90/share.