The streaming space ..
Netflix will go down quick ..
$50, here we come ..
And Netflix goes down to $50 ..
It is going to go back up a lot more ..
Netflix doesn't have any real competition and is killing it ..
They are going to take over the world ..
Few years from now, people will wish they would have bought at that price.
. The stock has too much momentum.
. Market makers will keep it stable and make money selling puts which will end up being worthless
. It might go down in time but this might take a while, may be not until next earnings and even then ..
Longs can keep bringing it up.
At this point, Shorts should consider covering it all and buying CALLs ..
On the other hand, the music might stop soon when there are no shorts left.
Shorting is a losing proposition.
If you do, protect yourself by buying some CALLs and selling some PUTs.
Longs are minting money right now but selling PUTs and have them expire worthless.
This trend can continue for a while and as long as shorts are piling up.