>>Why not?...at the end of the day you're back to holding the same long position you've got today. WITH A SMILE ON YOUR FACE AND MONEY IN YOUR POCKET<<
Not necessarily. Most short-term traders lack your confidence, and end up panicking when the stock is squeezed. Upon exiting their short, they re-enter a long position at a much higher cost with fewer shares. Remember, over 4 million shares are short; that's 78% of the float; most are underwater. For this reason, NFLX is poised to go higher, imo much higher.
Thanks. Good luck to all longs. I have no malice towards NFLX. And I don't love shorting but I figured out it is a good way to daytrade and swingtrade. I just trade 'em as I see them. If I thought NFLX were cheap, I would go long. Note I closed my last NFLX short profitably and right now I think it's a good short - but I cannot take a new short position due to TD Waterhouse having no NFLX stock to lend. This could be a great sign for NFLX longs. A massive short position once covered means massive buying. I reckon $25/sh is quite possible quite soon.