I was preaching overvalued on another MB at 300.
I believe that the momentum has eased and a retrace back to the gap from Thursday morning is inevitable. Already seeing some bubbling on the intraday chart. Shorts are taking profits.
And a 50% haircut in a month seems enough based on what we know from Netflix management so far. Despite management shooting itself in the foot, the company does have some strengths that make it worth a speculative buy at these price levels.