Quick decline and Netflix can never be said in the same breathe as each other. If there was a decline, so rumor would be put out quickly to push it back up.
That will probably be the rumor of the day tomorrow. Also out there that they may sell shares...which they should. With the demand, selling a few million shares and putting a few billion in the bank would be smart.
Doesn't matter. Nothing stops Netflix. What will the rumor be tomorrow that pushes it up another 20?
I shorted at 550 and had an opportunity to get out with a minimal loss. Missed it. One day it will collapse, but probably not until after a stock split luring retail investors in at an affordable price. Nobody to buy the institutions overpriced shares right now, so important for them to keep up the charade.
Here is the thing. What if he did sell and then shorted...sent out a tweet of what he did. If would fall 100 points and he would make another small fortune. What stops him from doing that?