NFLX will NOT reach those targets until Feb options expire, maybe even March
Think about it, with volatility so low and markets on steroids, what incentive do the MMs have to drop it to those low targets before Feb options expire?? They would rather push it sideways between $160-170 level, ping ponging between those two levels and eat up ALL of Feb options on Feb 15. Maybe on Feb 18 onwards, they can pull the rug from under, but I will be shocked to my bones if the MMs drop this stock before Feb monthly options expire.
This P I G is almost out of gas, based on the recent couple of days price action. Let's not forget the 800 pound gorilla in the room: Content cost is alarmingly high and will be higher for new deals. So NFLX will need to expand exponentially to make the economies of scale work. At the same time, they will continue to feel pressure on their monthly subscription model as competition keeps piling in from AAPL, AMZN, TWX, HBO, etc. NFLX is kinda way up here with no fundamental support!