Anyone here know what propelled NFLX to $300 a few years back?
I'm curious how it went up so high back then as I wasn't following the stock at the time.
I know this is a short squeeze, which can be irrational for a long time, but I would think with it's debt and the potential for GOOG, AAPL and Coinstar to steal it's customers, it can't go straight up for long.
Yes.. no reason like how it is going now.. I might be one of the few people who lost big shorting this last time..I can see this going to $200 in next few days.. when this thing slows down, you will slsee lot of positive news coming and analyst pumping the stock by upgrading it.. The news could be anything and even something silly like Reed hastings did not sleep well night since he was thinking about next strategic move to increase shareholders value.. The stock would go up by 15 that day... :-)..