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Netflix (NFLX) roars to a 12% gain as the dreamy week for investors roars on. That makes for a...
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Friday, January 25, 10:35 AM ETNetflix (NFLX) roars to a 12% gain as the dreamy week for investors roars on. That makes for a 79% YTD return for a company that made just $8M in profits during its last quarter while Apple raked in a cool $13B to fall 12%. Money manager Ivanhoff capital sums up the action: "Expectations matter."
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This news story has 12 comments:
Give me a friggin break.
This is got to be the definition of insanity. I'm assuming that this is short covering (and momentum funds driving the stock up to induce short covering).
Does anyone know where I can get up-to-date information on the short-interest in this stock?
If I am wrong, please somebody correct me here!