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[ogm]

This bounce to the moving averages is as good of a spot as any. There is not a single reason in the world to be long NFLX at these levels for more then a few hours. Costs are mounting rapidly, competition is increasing and subscriber growth not impressive as the market penetration is already high. Attempt to raise prices for new subscribers by 1 dollar a month sounds good, but lets keep this in perspective ... they project 650,000 subscriber growth this quarter. Meaning the total revenue from price hike increase is $650,000. Still impressed ? I'm not Considering they shelled out much more to Comcast and Verizon for increased speeds. ( Those numbers are yet to be disclosed to the public )

[ogm]

Avg short 350. Beaitiful technical spot to short this bloated pig. Opportunity not to be missed.