That is a return of more than 225% in 1 year. No need for margin. The market is extremely volatile and netflix is clear proof of how a business that is kept so undervalued despite evidence to the contrary(meaning future potential, not a FAD, basically story not one that was being presented) and is heavily shorted(like deck), can EXPLODE to the upside,
Stock can easily go down irrationally as people take "profit", like Goldman Sachs possibly offloading some after doubling their money in less than 6 months(man, they sure know how to do it right?), but still plenty of upside left. Just take a look at a starbucks chart. 5 years ago it was at 7/share, today it is at 60. They were calling that company a FAD too. Starbucks had to take action and even close some stores. Today, the company has never been healthier and stock is up more than 800% from 5 years ago. Same potential here.
Dude! Jimsmith is right, stop with your ranting... You won't reverse anything...I'm long this POS also unfortunately I didn't sell before earnings (even after watching Sketchers action on earnings the day before as a warning signal) and now I'm trapped here. I'm wondering if I should hold or take the loss and move away from this mess