P/E does not work for Netflix because i'ts a Cult Stock just like Amazon and Tesla. P/E at 1000 does not matter. Because Netflix is growing at 1,000%. Everyone in the world will subscribe to Netflix - India and China are coming - HUGE.
Time for reversal ... once we cross back to $100. The momo climb to $150 is UNSTOPPABLE. In fact, the climb from $100 to $125 - $130 will be pretty fast. Netflx understated their forecast so it will climb to $150 by next quarter earnings.