With tonight’s breathtaking after-hours leap of $50, Netflix has vaulted to head of the pack of overpriced, overhyped high-fliers that have fully engaged money managers’ tiny, fevered brains. Since, at $399, the stock has now traded above any target I could have projected, it’s time to forsake any future touts that would deign to predict its next stupid move. NFLX shall remain for our use nonetheless as an enticingly volatile trading vehicle, so stay tuned to the chat room if you like such excitement.
