Sold it too early. My call ended up going from $2.75 to $15.00
NFLX - Netflix - Page 98
I've been debating it. I really think its fair value is about 75, but just can't trust it.
Keep trying to tell myself I'm just playing with house money on this one after the fortune I made shorting it all the way down from 275 or so, but I already used all that money on a 54' boat, and I'd hate to have to say that I didn't get it for free, heh.
Tricky one this one ! 26% short float was hoping to squeeeeeze some out and push for $70 on the 50 day MA. Drew a grim chart I think $70 target at the time of entry was reasonable but sometimes they just don't go your way and its time to bail. I like NFLX but I don't have to love the stock or the chart.
Gotta have limits and don't want to ride this down to the $52's of august 2nd 2012 should it test lower support again. Got to say looks like a nice short here Once the market orders go through on tuesday I'll have a little look.
Be wary of holding or trading this JMO opinion but expect headlines like*NLFX announces new content deal* and lots of chop and change. The future is very uncertain now and content will be sold to the highest bidder reducing margins. Don't ride this down to $40.