Koolsdguy... (WITH ALL DUE RESPECT AND I HONESTLY MEAN THIS) you sound to me like an investor who clearly bought above the $118 mark, and now you're hoping the stock is going to eventually climb back to that level. The stock will open tomorrow at roughly the price it closed in after hours ($85), drop suddenly to $80 in the first 5 minutes of trading, have an immediate burst of short covering and sheep buying back up to $90, then slowly trail off and close around the $76-78 level. From there, the stock will slowly bleed for the next 3 months and very well possibally touch around $40.
Let me ask you something Kool. And I want you to be DEAD honest with me. If you did NOT own any NFLX stock right now at this very moment we're speaking.... Would you buy it? Would you honestly, truly buy with the news that's currently out?
I know you answer. And the answer is no.
With Netflix's forward guidance showing the year of 2012 as very possibally being in the red, there's no chance in ANY POSSIBLE WAY for this stock to see over $100 again in the next 24 months. NOW MIND YOU, the stock may one day see $100 again, but for this to even remotely happen, you need to look beyond 2012 entirely.
Kool. Get out of NFLX. There's so many better plays out there.
i bought at $86 after hours and yes, i am nervous. not nervous that i will lose money, but nervous about selling prematurely
if i sell at say even $90, i make money, but what if it shoots up to $100 in 30 min after i sell
thats why I wanna time it right so I sell at high of day. is that too wrong??
With such a heavy short interest and all of the bad news now factored in, you may get lucky and get $95 on a lot of short covering. That is the highest I could see it going, especially with more downgrades coming. You can only hope Cramer still doesn't give in, and tells his lemmings that it's going to $200 in the morning.