Carl Icahn has yet to sell even just one share of his stake in Netflix, and for good reason: the stock is currently trading at a three-year high and may soon be on its way to an all time-high.
While shares of the usual high-flier bounced around the breakeven line Thursday, they've been having quite the run.
Shares of Netflix (NFLX) have rallied 10% over the past five days, and have nearly tripled in value just this year.
Hedge fund manager Icahn, who first disclosed his stake Netflix in late 2012 and owns nearly 10% of the company, said Wednesday that he has yet to sell even one share.
Speaking at CNBC's Delivering Alpha conference in New York, Icahn said he considered selling the stock earlier this year, but his son, who originally picked the stock, threatened to quit. So he decided to sit tight.
Icahn also threw in compliments for Netflix CEO Reed Hastings.
"When a guy makes me about $100 million in a month and a half, I don't punch him in the mouth, I thank him. And I thank you, Reed," said Icahn. "I like Reed. He's a smart guy."
There was more good news for Netflix Thursday. The company made television history by being the first Internet streaming service to score Emmy Award nominations.
Altogether, Netflix's original shows, including House of Cards, Arrested Development and Hemlock Grove, received 14 nominations.
The momentum stock received plenty of attention on StockTwits, with some traders questioning how the stock will perform as Netflix gears up to report earnings next week.
Should Netflix deliver a strong second quarter, the stock could certainly rally, if history is any indication. In April, when Netflix handily beat analyst's first-quarter earnings expectations thanks to strong subscriber gains, the company's stock climbed more than 24% in one day.
Another trader, however, seemed skeptical of whether Netflix's subscriber growth has kept up.
It's certainly possible, but Netflix also released cult-favorite Arrested Development during the second quarter.
Another trader also worried about why Netflix executives, including chief financial officer David Wells, have recently been unloading shares.
Still, some traders seemed to think the stock will maintain its momentum, and is in fact, trading below where it should be.
But other also questioned whether Netflix's stock has gone too far too fast.
"There's always money in the Banana Stand!" George Bluth tells his son, Michael, in the first season of "Arrested Development."
Of course, Michael and his son, George Michael, burned the Banana Stand to the ground, along with $250,000 in illicit cash, in a botched attempt at father-son bonding.
But it looks like there's always money in Netflix -- the home of the fourth season of "Arrested Development" -- too.
The show will make MOREBen Rooney - May 15, 2013 12:50 PM ET
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