. 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.
Should be pretty big ..
I know a lot of people who have subscribed to it.
Does anyone have pointer on possible numbers?
1. Pause or Cancel their Netflix membership
2. Sign up for HBO Now (1st Month free)
MUCH BETTER content on HBO now
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.
Shorts will be broke before it the scheme is over
I have been there and burned before.
Market cap is only $37B.
Market makers can easily bring it up to $1000 a share if they want ..
We are in another tech bubble except this time the Internet is real.
If you go short, you should probably yourself with out of the money calls.