Agreed. 160s technnically is better place for NFLX to rebuild a base. Hastings overhyped and missed great opportunity to to sell some 2ndary stock. Not before he cashed out some of his own options I'm sure,.
DO NOT COVER TILL $90CAPITAL GAINS...LONG TERM...DO NOT COVER
All gains on short positions are treated as short term gains regardless of length of time held.BTW, thanks & congratulations on your persistence w/NFLX.Time to turn your guns on the other poster boy of hype: Scamazon?
be patient. Can easily ride it down to $100. Looking at the speed at which it came down, i guess that will be by Dec of this year.