NFLX - hyper gains on lousy earnings

Whilst the main market saw a day of minor chop, there was notable hyper strength in Netflix (NFLX), settling higher by an extreme 18.3% @ $562. Near term outlook offers a possible consolidation, but regardless of any cooling phase... the broader outlook is very bullish.


NFLX, daily

Summary

*I will refrain from going over report the recent earnings report.

Suffice to say, a major earnings miss.. yet the market simply doesn't care.. as worldwide subscriber numbers continue to increase.

Personally, I'm bemused (but not surprised) at the market reaction.

Where next?

Clearly, market doesn't much care that the company is not making much money on each subscriber.. and is seemingly now intent on driving this momo stock to $1000.
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*I've never traded NFLX.. and have ZERO intention to... but it is one to be aware of.