Last night after hour the news came out that Director Hoag sokd 344,000 shares at $162 a couple of days ago. The folks at NFLX and the crooked MMs knew that the stock was going to take a hit, and so this morning they come out and announce this deal with Queen Latifa flavor. I'm sorry to say that the content of this outfit is so lousy and not much of an entertainment (Needles to say that the whole content of NFLX is old, outdated and lousy also). I would not touch this stock no matter what because it is more like a casino, and I would rather go to Vegas to gamble! I could see that the smart money is selling into this and leaving a lot of innocent people holding the bag.
You are right. Did you see how they manipulated this down 4 dollars over the last hour or so? Usually these manipulations can go on a while but cant last. So expect new highs as NFLX is on an incredible roll. Btw, who begrudges insiders to make some money? Hog bought those shares on the open market when nobody wanted em. Good on him for supporting NFLX in time of need and then making out well to boot.