clo,
I've previously posted reasons why NFLX's business model is not sustainable. I seriously doubt it will find support at $120.
I long ago tried convincing my friend to sell, but the stock leaped afterward. Consequently, she probably doesn't think too highly of my opinion! It's only now turning out to have been good advice. (The Netflix situation is reminiscent of the housing bubble... during which I told people early that they should cash out. I ate crow over that for years! Now, though . . . with Sacramento houses having lost 60 percent from their peaks . . . well, people who've lost money don't generally like to discuss it - even when they're the same people who were quick to tell others how wrong I'd been when it appeared obvious that I was.)
Funny how that works. When it comes to gains, most people really have no idea when it's time to cash out.
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