Posted by lessarda on 27th of Jan 2011 at 05:52 pm
I think the NFLX jump was a short squeeze. Too much talk about
poor earnings quality ahead of the call and too many high profile
shorts pressing their case on declining free cash flows,
subscriber acquisition costs, network costs, etc. The CEO was
waging his case against shorts in the weeks leading up to earnings.
The shorts look right on the facts, but not yet there on the
timing.
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NFLX squeeze
AMZN
Posted by lessarda on 27th of Jan 2011 at 05:52 pm
I think the NFLX jump was a short squeeze. Too much talk about poor earnings quality ahead of the call and too many high profile shorts pressing their case on declining free cash flows, subscriber acquisition costs, network costs, etc. The CEO was waging his case against shorts in the weeks leading up to earnings. The shorts look right on the facts, but not yet there on the timing.