WTF is up with NFLX today
Anyone trying to short NFLX today is bitter as hell based on the fact this ticking time bomb of a bubble refused to give up gains today. Someone is clearly buying shares and there are a ton of shorts that can be squeezed. Nevertheless, the 61% Fib from 2018 kept it from breaking out. I'd be cautious here on the short side because if the market face rips higher, this overpriced dog will easily rip 1.5 or 2X the Nasdaq. My advice, let this bad boy run up and short it to death ahead of earnings.
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