Netflix is about to bleed

I think the obvious play is to short Netflix. The P/E ratio of 300 can't be sustained, especially as LinkedIn fell. Amazon is putting a huge amount of pressure on the company and Hulu is not backing down either.

A few weeks ago I was bullish on NFLX at 94.50. I have lost almost 6% and see no good reason why it should rebound back. The stock is extremely volatile so it is hard to predict when but if is no longer the question. There will be a big selling off.

Part of me wants to hold on for a week or two longer to gain back my 6%. With its volatility, it is possible that it can come back. But it is fast approaching a cliff, and when it reaches the edge, there will be nothing to do but fall.