For those lucky people who are long going into earnings, they would have already taken profits if they wanted to. Plenty of selling opportunities. NOW, for those who have NOT sold so far, why would they sell later today, or Thursday, or Friday? The odds are that they won't.
well I think NFLX is done for til it gets back below $200 my guess is $170 - $180 range. I'm short and staying short like everyone else for now. I a long believer, but I'm tired of being screwed by shorts. Like the old saying goes, if ya can't be em', join em'!
Still a lot of investors with a ton of profit in this stock. I think they will exit to keep their profit long before a short will. Shorts have an overall thesis which is that the company is extremely overvalued and should be half this price. With that kind of thesis they will not sell, they are long term shorts.
I was short NFLX before. I covered at below $60 - thank goodness.
1. The short thesis does NOT work any more. Did you look at the quarterly financials?
2. Sure, valuation is un-reasonable. However, as many other people have said, look at AMZN. If people are willing to pay THAT MUCH for AMZN, these same people (insane maybe, nonetheless they have money to buy stocks) can get a better deal with NFLX.
3. Naturally, NFLX is very volatile. I am sure it will be at $200 or below in the coming weeks or months. It could also be at $250 or above during the same time span. At this particular moment, I would not stay short at $215. I don't see the argument that this will touch $200 before end of this week. Unless the general market takes a big correction, otherwise that won't happen.