NFLX has just completed what looks to me like an overlapping corrective rally, and now it's sitting precariously on its 50dma:
NFLX - SharpCharts Workbench - StockCharts.com
With a stratospheric P/E in the 400's, and a ridiculous PEG ratio of 36 NFLX Analyst Estimates | Netflix, Inc. Stock - Yahoo! Finance
...and people apparently buying a lot more calls than puts, which is bearish (look at the open interest for the Oct 23rd $110s here: NFLX Option Chain | Yahoo! Inc. Stock - Yahoo! Finance)
...and with investor sentiment turning fearful again the last couple of days, I don't know how the earnings could be spectacular enough to produce anything more than a brief pop. I'd be more inclined to think a drop clear down to the August low and 200dma at $85 is more likely in the near-term.
Just my 2 cents.
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