NFLX Netflix: Shorts taking profit

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	David Sachdev
	Washington, DC User since Dec 2009	38
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Shorts taking profit

I think we will see a bounce in Netflix as the short positions are closed out...Also, I think longer term, Netflix will be okay, but I have to wonder if their recent price increase wasn't to cover up some of the unexpected charges in their report yesterday. Short term play to watch closely, and get out if it goe against you.

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What People Are Saying...

David Sachdev said at 7/26/11 2:16 PM Price action was $259.65 -21.88 (-7.8%)

so apparently we need to get there today instead....

David Sachdev said at 7/26/11 2:18 PM Price action was $259.65 -21.88 (-7.8%)

RTQ: 263.51

David Sachdev said at 7/26/11 2:28 PM Price action was $260.65 -20.88 (-7.4%)

I think you may need to check your clock here, because 2:11 seems like 5 minutes prior to when this position was closed.

David Sachdev said at 7/26/11 2:29 PM Price action was $260.65 -20.88 (-7.4%)

Hmmm...but the RTQ comment time seems about right. I guess maybe the 2:11 was the time of the quote while still pending...

David Sachdev said at 7/26/11 3:21 PM Price action was $264.19 -17.35 (-6.2%)

If you followed along, I hope you are still in this trade as well!

Wesley To said at 7/26/11 4:00 PM Price action was $267.64 -13.45 (-4.8%)

Nice one.

David Sachdev said at 8/30/11 9:40 PM Price action was $236.28 11.25 (+5.0%)

I guess over the course of the next month we will start to see some data on how many people are changing their Netflix plans, or dropping them all together.