"Absent some big news, it makes no sense."
If the prices of all momo stocks had to make sense, they wouldn't be trading anywhere near their current prices.
You have to wait for AMZN to be firmly above $700 to see 7 to 1 split.
Look at AAPL and NFLX.
Both of them got considerably weaker after their last splits.
Splits are not good. (More shares in the markets manipulators must suck up each time they want to jack up the price.)
"may be we need to buy it back"
What happens almost always after I sell calls for a small profit is that she goes higher after I sell my calls, but very often she pulls back to where I sold my calls at.
So, chasing her higher seldom works for me.
I'm happy with making small profits on many trades.
"Poor Sibz, continues to fight the uphill battle."
I feel NFLX is struggling to go higher. I think the whole market is dragging it up.
Why don't you take small profits more often instead of going for big ones?
You will end up having to shove in more cash into your trading account soon.
They drive the price down.
NFLX looks weak.
You think this time it's for real.
You sit back and do nothing, convinced that if you remain patient, she'll go lower.
Somehow, though, she crawls back higher all day after the morning low.
You suddenly realize that your position has gotten worse.
Why do you keep falling for this?