Hedge fund investor Bill Ackman has been forced into an embarrassing U-turn on a huge chunk of Netflix (NASDAQ:NFLX) stock which he only bought in January. Around that time, I warned that the stock had further to fall and predicted that $250 was possible. In this article, I will discuss the next path for the stock. On January 23rd, I published an article on Seeking Alpha after a sharp drop in Netflix stock.