Netflix is in my opinion extremely over hyped and over valued.
Competition will force there piece of the cake.
Book value is around 10$ per share Earnings per share is like 1,50$ = valued 200 times its earnings now that it hit 300$ share price. When the greed starts, the big players will sell it in to the hands of the latecomers.
I see it technically drop about 50% and then we might get an long term entry.
Only my thoughts on this and please make your own research.
@ganascia, Hi, for the short term you might be right but for the long outlook i defenitely see the drop. If people would instead of just jumping in on every little pull back, look at other indicators (revenue per share, earnings per share, future growth expectations.