Whitney Tilson: Short Netflix (NFLX)

At yesterday's Bloomberg 2010 Hedge Fund conference, T2 Partners fund manager Whitney Tilson said that he was short Netflix

, and has been short the name for the last 100 points to the upside. He said he likes the business, but sees it realistically trading around 25 times earnings, not the 77 times earnings it is currently trading at. Tilson has also been short OpenTable

for quite some time, and has been wrong on that name as well for a large loss so far. At last check, shares of NFLX and OPEN were both down sharply on the day, with NFLX losing over 2%.