As per the prior post, earlier we sold 90% of our $NFLX position at $183. After the earnings, at this time the stock is trading at $201. Key driver of the stock’s up move is short covering prompted by rise of subscribers to over $20,000,000.00 .
First resistance is around $225. We will carefully watch the price action if the stock moves to the resistance to decide on the remaining 10% position. We will also maintain a stop loss at $173.7
