those same reasons of concern for NFLX's selloff that were mentioned in the wire today are bogus. Earnings is coming up in less than 3 weeks and we've a selloff so they can scope the cheap shares from weak hands.
Just ask yourself. Who is buying today ? the volume is high but the sellers could be the same buyers too with the help of MMs to shake the weak hands. There are many more companies with high PEs but they are not selling off today. So why NFLX ? except for pure manipulation.