CNN Money notes that Netflix is trading at another all-time high of $270.80 per share, giving the company a market cap of more than $14 billion.
Netflix is basking in its status as Wall Street darling for now. But for how much longer? Bob Bacarella, manager of the Monetta Fund in Wheaton, Ill., finally waved the white surrender flag (or should it be a thin red envelope?) on Netflix earlier this year. He said he sold his stake in Netflix because he couldn't stomach the stock's lofty valuation any longer. "Netflix is a pure momentum stock. There is a lot of volatility and a lot of heartburn," he said. "There are better investments where I could sleep at night."