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Netflix, Inc. Message Board

  • sandyeggojake sandyeggojake Feb 22, 2011 3:10 PM Flag

    Joining the fun...on the short side.

    We've been monitoring this board and have recently (post earning and the short squeeze) initiated a short position in $NFLX.

    We are a value based, long/short group, and use fundamentals for selection and technicals and our proprietary quant box for execution.

    The reaction of the 2PM news was as expected, but failed to bring $NFLX out of its down trend or trigger our cover stops. Technically, with the cross below $222.5 of this leg, our model is now showing a 60%+ chance to challenge today's low. If this cracks, it will confirm our short thesis. I need not mention is a key mid term tech level and would paint a very bearish signal for the week.

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