Tyranny of Logic dude, you said..   "plus Hastings filed a form 4 for disposition of some 25000 shares" I think CEO has excersied his options before it melt down , having known that it would happen he would not....it makes no sense to exercise when the stock  price is already chopped in half ...people are thinking even CEO is dumping ..I don't really think so.. he is trying to build shareholders confidence

And also I still see valuation in the company..if hulu worth 1.9 bil for 2m subscribers..NFLX with 24m subscribers at least worth more than 7 bil ..what you think?...But these days who cares abt fundamentas and valuations...just need to go with the trend..

Dude, also keep an eye on AMZN...Its trading at PE101 times.....gosh..when NFLX was trading at 60 people were screaming ..I guess there will be some correction on AMZN