Poor Whitney Tilson: Netflix Soared After He Shorted It--And As Soon As He Covered, It Collapsed

You have to feel bummed for hedge fund manager Whitney Tilson.

Today after the bell, Netflix shares are getting killed, losing 28% after earnings. The stock is at $85.

That’s 61% below where Whitney Tilson covered his famous short on February 2010.

It’s also 50% lower than it where last December 20, when CEO Reed Hastings wrote an open letter to Tilson urging him to cover his short.

CHART

Photo: Stockcharts.com

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