It's still a momentum trade - to the downside. Netflix (NFLX) sinks on no fresh news, but shares broke through $125 yesterday so now people want to dump them. Competition hurts: Amazon’s (AMZN) new Kindle will let users stream movies, and Microsoft (MSFT) will get some pay TV content from Comcast (CMCSA) and Verizon (VZ) streamed to its Xbox Live.
NFLX is currently down another 14.04 to 113.10 today.
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