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Released on Thursday, January 26, 2012, 8:15 PM ET

Pittsburgh, PA (SpeculatingStocks) - Netflix (NASDAQ:NFLX) is making a comeback! The Netflix blunder last summer was listed by us as one of the 3 biggest business blunders of 2011.

It may now just seem like a blip on their corporate timeline with the company already gaining back 600,000 of the 800,000 customers that were lost. Their share price before the blunder was over $300 a share and after the blunder it went to as low as $62.37 a share. NFLX is currently trading at $116.01.

Wall Street overreacts to both bad news and good news and investors realized that today. NFLX shares bullishly gapped up over $20 to around $116 a share. The down gap from October 25th was also filled in by today's gap higher, indicating a fundamental change in the view of NFLX as a company by investors. The fundamental change was that they can gain back subscribers! People are forgiving them and giving them a second chance.

If NFLX keeps this up, their shares could go back up to the $200+ level. Investors sentiment changes quickly and this is a perfect example with NFLX. With all the competition out there in the video rental and streaming space, Netflix is still the leader in people's minds, they took the mantle from Blockbuster, a company that used to have the hearts and minds of the people and lost it.

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