NFLX - sell, sell, sell!!!
Sentiment: Strong Sell
Short interest probably hasn't changed that much. Netflix bears like 169 more than 103 to take a short position. Most of the buying was done by investors who were on the sidelines waiting to see what happened.
If short covering is done, doesn't that mean that Friday's $20 pop was due to genuine long buying interest? Are you saying that, with shorts out of the way, longs will take this stock even higher?
Why are you assuming all the short covering was completed on Thurs.? There is a myriad of short scenarios that could have explained Friday's move.
NFLX may well be the greatest stock there ever was, but a 70% jump is simply not wholly explained by that earnings report.
What research have you done to determine that short covering is "pretty much done"?
I think it has increased ... What is my proof ? Enter a order through a broker for shares to short and watch it get denied.
seekingalpha article why-we-re-not-jumping-headfirst-into-netflix source=yahoo