It's been a long road back to new all-time highs for shares of streaming pioneer Netflix (NASDAQ:NFLX)

The company recently cracked levels unseen since its last massive rally in 2011. At that time, the company rode investor enthusiasm surrounding the rise of streaming to multibagger gains. However as widely discussed at the time, the valuation simply didn't fit, and the company's stock retreated at the first few signs of adversity.

Flash forward to today, and Netflix in many ways looks like a fundamentally different company, but still one with a stock price stuck in the stratosphere. And longtime observers of this company are asking once more if the stock is primed for a tumble. In this video, tech and telecom analyst Andrew Tonner examines the idea of shorting the stock at today's levels.

Fool contributor Andrew Tonner has no position in any stocks mentioned. The Motley Fool recommends Netflix. The Motley Fool owns shares of Netflix. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.