To start, read the Barron's Article: The stock jumped last Monday on that story and then fully retraced.
The valuation of NFLX seems compelling down here despite all of the chatter. A tad more than 1X's Sales is dirt cheap to me. Year-end tax sellers will likely be out of the way soon, if they aren't already out of the stock. This is the best candidate for a January rally.
Average in over 5 days and figure that 64-63 is possible to be tested, so 61 stop loss. Upside to 80-85 in January.
By: Technical Tim 11:57AM EST Mon Dec 5 2011 (as I am typing this the stock has moved from 68.60 to 69.35, so it is not for the faint of heart. This stock is volatile.)
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