Cramer: Wait Until Netflix Selloff Stops Before Buying

Shares of Netflix, Inc. NFLX plunged more than 11 percent on Tuesday which may create a buying opportunity for some investors looking to buy the stock at a more reasonable valuation. According to Jim Cramer, there is a "problem" with Netflix. Specifically, the company's downward revised guidance for its international segment was an "intentional lowering of the bar." Related Link: Netflix Misses Where It Counts: International Subscriber Guidance Whiffs By 40% Cramer continued that following Netflix's guidance, the sellers are likely to continue pushing the stock lower - an expected outcome as Wall Street analysts are also rushing to slash their respective price targets. Only when the selling is done, is it time to accumulate shares, Cramer added. Cramer concluded by saying, "you will know when the selling is done" and "that is when you pull the trigger."