There is no doubt that some very shrewd manipulators have learnt well from the TSLA model and trying to execute a major short squeeze on NFLX. If you look at trading volumes in each of the last few spikes in NFLX (end of January, end of April and today), there have been sudden sharp BUYS in the range of trades of 100K+ shares per order. If I wanted to buy NFLX, I sure would not buy in such a disruptive way as to cause sharp spikes in the stock price, except if my ONLY purpose was to manipulate the price up and hopefully put the squeeze on margined shorts, which would propel the price even higher. The SEC is just not equipped to deal with this modern day thuggery. Shorts beware - if the manipulators succeed, this stock (like TSLA) could be headed to 300 soon.
How is this modern day thuggery? If you are short, you should know the risks you face. You're not some poor sap investor who put his retirement into the stock and was being taken advantage of. We are all aware that large investments drive the price up, if you're short just short more at the higher price. Or exit.
Actually, the smart gambler rarely suffers. If the smart gambler is short, they likely hedged their short position with some options for protection. No, I am more concerned about the less smart retail investor, who sees the stock rising and jumps in thinking the party will go on forever. When there are NO fundamentals to support an artificially inflated stock price, these scenarios never end well for the small retail investor. Again, not referring to the nimble traders who will buy and sell in well executed nimble trades (before a major collapse).
Please note my reference to "gambler" and not "investor". The reason for my use of the derogatory term "thuggery" was because when professional manipulators manipulate stocks like this, it becomes an exercise in professional gambling and stealing money from less informed "investors" and very little to do with investing.
Lots of stocks go up and down, but not everyone moves in such ridiculous fashion as a NFLX or TSLA. There lies the subtle but important difference.