Netflixation

posted 11.23.2010

There has been a lot of buzz around Netflix and its stock (Nasdaq: NFLX) this past week. So should existing shareholders sell to take profit on the good news? Or is this just the beginning of a huge run up? NFLX broke out of its 52-week high today to close at $187.71. If you appreciate technical analysis, check out this article. It asserts that NFLX most likely to head higher, as the short sellers will be covering their open positions which constituted 22% of tradeable float as of 10/29/2010. Maybe this is an opportunity for us (non-shareholders) to get in on some of the action?