With volume of over 4 million anyone who wanted to get out since tanking from 453 has done so. WHat is going on is the insitutions are holding, letting others short their shares and then squeeze them after earnings.
NFLX is above 200ma line. Techically stock is only pulling back to 200 day MA line. This does not imply a correction, only stock got ahead of itself. You have to go by it had great eanings q1. Not this BS stuff about amazon being a world beater.
You must be brain dead to think institutions have been sitting on their thumbs and that it's primarily retailers who are bailing. I expect NFLX to attempt a lame dead cat bounce here, but some semblance of reality is just beginning to return to the momos. With this bull market getting even longer in the tooth, it's going to be show-me-the-money time, and NFLX hasn't much to show. I'm looking for Wedbush's target of $195 to be he hit by summer.