if reed hastings came to shark tank today, mr wonderful would trash the business model and investment
1. bleeding cash
2. tons of competitors
3. nothing proprietary ..yes really. they got no patents anyone would want
4. non stop pumping by others when in reality the secular trend is over
5. apple can stream its current line up of apple tv movies at any time, or via a new apple tv etc. major headline risk
That has nothing to do with the technicals. They filled 2 gaps because there was no resistance. They cleaned out most of the losers above 100. If I read the 13d correctly.....then the company was diluted and stock was sold at an average of say 23 or so.......probably 144 paper with registration rights.......if you could buy for 23 you would too if you could set up a short against it.
Pretty sure ICLOWN got involved with NAV as well........and where is that?