Take a look at his twitter account. He's trying his best to find negative news. The guy is really short FnF. He will be squeezed soon.
He's definitely short FnF big time. Because bashing FnF in an up day is all he does. He doesn't do anything else.
I guess the author of that article, John Carney, has a major short position in FnF. If you look at his twitter page you will notice he's way too focused on FnF. He tries to bash them every time there's an up move. Since he only cares about FnF, I think his portfolio isn't diversified, either. It sounds like he put his entire net worth on shorting FnF.
I kind of feel bad for the guy. Based on his LinkedIn profile he has been studying in variety of fields and universities for many years. Yet, he cannot use any of the skills he learned from those years.
I don't have any of those and I refuse to pay for something that only shows commercials to me. I always find other ways to watch what I want and I believe Chinese have the same mentality as me. I'm not too sure why NFLX went up after the news related to China.
The split brought more sellers as well. Previously I couldn't short NFLX the way I wanted because of the high margin requirements. Now I can short NFLX the way I like.
Congratulations on your unrealized profit. You should remember that the greed is the worst thing in Wall Street. Just take a look at what happened to Zillow, Yelp, and many other tech companies with one product. They're all getting annihilated. NFLX business model isn't sustainable in a long run similar to that of Yelp, Zillow, TWTR, and many other tech companies. All we've been hearing about NFLX in past few months have been positive news. Once the first negative news comes out, everyone will start selling. Don't get surprised if NFLX hit $40 very quickly.
Probabilities are the same. But the potential downside magnitude is a lot higher than that of the upside.
Only jealous people who felt they missed out the rally. Those are the ones who get burned and they totally deserve it.
Sentiment: Strong Sell