Do not underestimate the power of the $200 price target by MS
Whether you agree with it or you think it's totally made up baloney, a $200 price target was issued by MS today for whatever reason
You cannot ignore that this price target news can move the stock price UP, even though you and I can think all we want that it is being done so artificially. There are millions of investors in America literally who will look at $200 target and have the potential to buy the stock even a little being led by these analysts.
So even if you are a die-hard bear who thinks this co. is overvalued to the nth degree and is a hot hollow balloon ready to burst big time some day in the unknown future (just like CLSN did yesterday, yeah pull up CLSN's 6 month chart and see what a balloon burst actually looks like, LOL) due to its ridiculously high PE, high debt, low cash, high content costs, cut throat competition, etc..., even with all those poison pills in the medicine cabinet, at least in the short-term get ready to PROFIT from any possible, temporary upside that may be caused by these price targets and bullish analysts' pumps.
Heck, if some analyst comes on Mon and puts a $600 price target on NFLX, dont you think it will move the stock to the upside simply based on that pump? These are the forces you bears are dealing with, so dont just look at the bad fundamentals of the co. and go short blindly.
It reminds me of the Coyote chasing roadrunner on a fast moving rocket. The rocket goes up to the sky, runs out of fuel, Coyote waves goodbye on the screen to folks, and tehn fllas down the canyon within seconds....
So right now, NFLX rocket fuel may not be out yet, it may be, we just do not know. It's in no man's land.
Once the fuel runs out, think about the Coyote's fate...