. . . Netflix has shocked and bankrupted many shorts (green eyeshades focusing on past fundamentals) with near perfect execution over the past two years. And the current down move is nothing compared to earlier Netflix stock gains. But this company is mortal. One 'down' subcriber quarter could crater the stock. Its profits are still thin, so ISP fee pressure can too. It will interesting to see where NFLX bottoms. My guess: about $380. Yours?
Not so. I have made enough shorting NFLX to retire on. I shorted at $350 and watched it plummet to $65. I filed my resignation papers the very day I covered my short position. So I hang around here with fond memories of the most obvious short sell of a generation. I shorted again at $450 here, but I don't think I will profit quite so much. But then again I don't need to since I am retired and have more money than I need thanks to stupid investors.
ISP's would never be able to stop Netflix from being very profitable only the competition could do that. We could get down to $380 before the ER in 4 weeks. Unless Amazon or Hulu have been able to make up some ground Netflix should have another good report and the stock should bounce.