nflx will pretty much follow overall market unless there is ground breaking news come out, which i doubt. The will be solid market rally leading up tp sequester thing, and ben's testimony will boost the market as well. Now given every short personality isonto nflx, i think it can form double top this coming week. It maybe even rip thru 200. Who knows? but i won't be the short this coming week.
20 points drop from the top? It was profit taking waiting for the cause and excuse, i think. Cause and excuse was nasdaq's hard fall from 3200. Funny when the market was up and nflx down 4% without moving news. My guess was big players dumping at the opening friday and domino effect took place. In the end, market is efficient (bigger picture). Nasdaq down 2% from the top, NFLX down 10% from the top. Makes sense, insnt it?
Also what about $8 drop on Friday when the market up 100+ points?
Face it, you dont know anything, 160 or 200 is the target this week. Its all upto the big guys. Mon/Tues major moves possible then the settle down for Friday expiry,