Ichan do, Ichan don't
So many people ended up holding the bag. Where do we go from here/
Expect the shorts to pile on.
I would not be surprised if Ichan had to get out of his entire position today. The selling was absolutely decimating today. Ichan ended up making 400% in one year for his investment in NFLX.
Time to short NFLX...open hunting season. Expect a 50% hair cut over the next several weeks. I would like to find if any of the analysts will come in and downgrade the stock on the basis of valuation. The idiot Ichan is now causing a sell-off on other technology plays. Maybe it is time to bail out on all technology plays.