I think for da MMs, squeezing the shorts is more imp than looking at mkt cap valuations
I would NOT be shocked even if NFLX dropped its subscription price to $1.99/mo. instead of $7.99/mo. and still the MMs would rally the stock even higher than today just to squeeze the more shorts that would then pile on
Mkt valuations dont mean anything. MMs wanna squeeze out every short and then some. dont stand in their way just yet. Let 'em make this $10B market cap co. then $100B, then $1T #$%$ paper by inflating the stock that high. Its all on paper money anyway, right?
Then IF & when NFLX goes the Blockbuster way, all that will go poof and down the drain in the snap of your fingers. thats how it will trade is my guess. thats how bubbles burst