NFLX, Netflix

NFLX  feb 2012

Back in Oct. last year we recommended buying back if you were short at $75. The stock did drop a little further to $62, less than the $20 or so that one might have expected but still pretty close to the lows. The stock has in the mean time gone up about $50 or some 70%. There are now clearly 5 waves up so it would be a good time to step aside. One possibility is that we are halfway in an a-b-c correction. If so the b should take the stock to about $90.