If you've read Reminisces of a stock Operator you'll remember one of his favourite long plays was to enter a stock that was breaking "par" or even $100 lots and profit from the added momentum of breaking this psychological barrier.I have found the same true when shorting the $100 mark. While NFLX was profitable , it didn't drop too much and I also gave up a bunch on the first short, long sequence by holding it instead.
NFLX short entry
NFLX cover
Good fun any way you slice it tho.
