NFLX Already Traded Half The Float Today. 100% Float In Two Days.
That means all old shorts have had chance to cover.
Already traded almost half the float. Way above yesterday's volume with 2 more hours to go. People keep shorting it, then stopping out, then shorting it again, over & over. This CANNOT last. It's a blowoff top, and the only buyers are shorts covering. You would have to be insane to take a new long position here. This company is NOT making any significant money, except for the CEO & other insiders. Way, way, way over valued.
13 cents a share, with book value $13 per share VS APPL $44 per share with a book value of $135 per share. What part of this makes sense?