The average retailer will not know it until he is out, and you will see a report a week later and by then the exits are locked and all the little retailers are trying to run out of the locked door...That is what happens everytime...So all the people like me that own small amount of shares of NFLX be careful...don't lose your life savings listening to the pumpers that say NFLX will go to $200 or $250...It came up from $50's to $180's do you really think that with all the competition and 5 dillion in debt this will go up some more...and do you really think Carl Ichan is really that stupid that he is holding for another $20 pop before he unloads his shares especially since he bought in the 50-60 range and he has already made over $120 per share in profit...He is unloading I am sure of it, but all this is my honest opinion...we will see if I am correct.
The incredible thing is the chart. Countless bears have been brought in by it.
I've never seen a chart so bearish - any stock that ramps up like it did usually does significant retracement over the next few days/weeks, if not on news, then on profit taking. However, this is just stuck up in the clouds and refuses to come back down to reality.
It will come back down, it always does...you just have to be patient...Shorts have been fried many times, and everyone is leary to buy or short at this point in time. So because of this sooner or later this stock will come back down to the $125 range or even lower...Be patient...