Netflix stock rockets 20% today

Despite all its mishaps in 2011, Netflix is still the best value for video rental. Many brick-and-mortar stores are gone. Blockbuster’s Total Access and On Demand services are moderately priced between Redbox and iTunes, but these options don’t give people the subscription model that has grown successfully for the past decade. The “Qwikster blunder” actually brought the company back down to a realistic price, as it was heavily overvalued last summer. This stock certainly should not be shorted below $100

Netflix stock rockets 20% today

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