I think whether it goes way up or down from here is pure speculation, but I'm wagering a small bet it will go up to 70 or 80. Four reasons being : 1. it has broken out of a downward trend line that started in feb. 2. what's his face from citigroup said it could be a 10 bagger, and that gives some bulls a boner. 3. I've already made some cash from its initial jump a few days back, and just looking to make a little more. 4. that silly survey that says they've gained like 2% in customer satisfaction. There's probably a shitload more reasons why I should stay out of it, and IF it does go to 70 or 80 I'm selling and leaving it alone(I hope).
XBOX streaming using a MSFT is probably coming soon most likely so NFLX is going to have to re ignite the strategy. The writing is on the wall- Their strategy for self produced films went bust.
Strong rally during the last hour today. Bears letting it run. I'm expecting 87 and then back to new lows.