NEW YORK ( TheStreet) -- Netflix ( NFLX) finally brought home an Emmy award. But judging by Wall Street's reaction, one just wasn't enough.

TheStreet's Jim Cramer told "Mad Money" Research Director Nicole Urken that the company failed to wow investors, as it only brought in one award for its original series, "House of Cards".

He added that "Arrested Development", which Netflix has committed $110 million to, needed to win, which it did not.

Overall, the stock price is lower on Monday and Cramer attributed it to the lackluster results from the award show.

So should traders short the stock?

According to Cramer, no. Netflix is considered a 'cult stock,' something he refers to as a stock that constantly gets bought, regardless of fundamentals and logic.

He added that he would not be a buyer based on discipline and wouldn't be a seller, based on the fact that the stock could very well go higher.

Bret Kenwell currently writes, blogs and also contributes to Robert Weinstein's Weekly Options Newsletter. Focuses on short-to-intermediate-term trading opportunities that can be exposed via options. He prefers to use debit trades on momentum setups and credit trades on support/resistance setups. He also focuses on building long-term wealth by searching for consistent, quality dividend paying companies and long-term growth companies. He considers himself the surfer, not the wave, in relation to the market and himself. He has no allegiance to either the bull side or the bear side.