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.
We are still in $FSYS too...a long term position in build on any major pullbacks. We love any op to buy more, as we missed our chance to fill our $FSYS position and suspect we will have a few over the next two weeks.
As such we are adding to our short positions now with a shopping list in mind and $FSYS is still on it.