How is anyone surprised here that NFLX is pulling back??? The stock has run up from $60 to almost $200 in the past 7 months. The short squeeze is over and with the market starting to show some weakness, NFLX could see a massive sell off of profit takers along with new shorts in the near future. Earnings may not be as rosy as last quarter either.
Any dark clouds at all on 4/22 and this pos fills the gap to $103 - and quickly! Remember, that gap up was due entirely to a manipulated earnings report. Prachter at Wedbush said Hastings was very savvy to cut expenses and eek out a profit when a slight loss was expected. That squeezed the shorts which is what he and Icahn planned. Now they have to pay the piper for that manipulation, legal or not.