Last September, with Netflix shares in the $170s, down from a hysteria-driven blowoff to $305, I offered a commentary under the headline Netflix Plummets, and for Good Reason.  With the stock trading 40% off its highs at the time, I didn’t see much value in it. I still don’t — and that’s with NFLX currently hovering in the mid-$60s.

Recall that the company was perceived as the hottest new idea in the business world just a year ago. Now it is just another dot-com has-been, trying to sell streaming movies at a time when big competitors like Amazon and Comcast have begun giving them away.  Netflix is headed to zero, isn’t it obvious? Perhaps there’ll be a lesson in it for all of the miserable dolts who still believe that Facebook shares offer good value.  From a technical standpoint, Netflix stock could fall to minus $46. Since we know that’s impossible, I’ve settled on zero to be more realistic. Click here to sample Rick’s Picks detailed trading ‘touts’ and the  chat room free for a week.