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Old Mar 30th, 2012, 12:01 PM   #3349
ralph00
 
 
Join Date: May 2004
Location: Pennsylvania
Posts: 2,278
BTW, AMZN is not a momo stock. Shares have had a big month, yet still remain 20% below all-time high.

Stock is up just 13% Y/Y (with all the gain and more this month). It's hardly Netflix circa summer 2011.
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Old Mar 30th, 2012, 12:30 PM   #3350
ralph00
 
 
Join Date: May 2004
Location: Pennsylvania
Posts: 2,278
ZH does non-subscribers (to Grant's) a favor and publishes (I don't know how they do it!) a recent piece of Jim Grant's. He was asked to come the the FRBNY and criticize them, which he did ... brilliantly.

http://www.zerohedge.com/news/must-r...rd-best-option

Read it while it's still up!
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Old Mar 30th, 2012, 03:28 PM   #3351
darkhorse
 
 
Join Date: Feb 2002
Location: Nevada
Posts: 3,470
If you're not short long bonds yet, today might be the day...
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Old Apr 1st, 2012, 06:22 AM   #3352
Debaser82
 
 
Join Date: Aug 2008
Posts: 3,477
Faber, who has been bearish on gold for over a year now.. says it is starting to look relatively attractive again and between 1500$ and 1600$ would be a great entry point.

Also goldstocks are extremely oversold and should rebound soon. Let's hope.

It has been a massive carnage really with each and everyone of them at least 50% or so from the top.

I bought some thursday for the first time in a year.
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Old Apr 1st, 2012, 05:21 PM   #3353
darkhorse
 
 
Join Date: Feb 2002
Location: Nevada
Posts: 3,470
Quote:
Quote from Debaser82:


Also goldstocks are extremely oversold and should rebound soon. Let's hope.

It has been a massive carnage really with each and everyone of them at least 50% or so from the top.

I bought some thursday for the first time in a year.

"Hope?" Fuck that... hope is the ultimate 4 letter word for traders.

It all depends on time frame -- but in the near to intermediate term, gold stocks smell like a value trap.
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Old Apr 2nd, 2012, 03:02 AM   #3354
jj90
 
 
Join Date: Nov 2005
Posts: 500
Quote:
Quote from Daal:

Frankly I'm yet to understand you guys AMZN short thesis. PE ratios usually are not important in these momentum tech type stocks
IMO the thing is there's a huge difference in mkt cap size. Something like PKI @ 2766 P/E can see appreciation by simply beating on the top line @ a mkt cap of 3.14B. AMZN's mkt cap is 92.16B, it doesn't seems reasonable that at their profit margin that P/E can be sustained. And unless you expect AMZN to monopolize the internet commerce industry, top line growth is out of the question. Even AAPL doesn't have the lion's share of the handset/computing markets. To sum up: there are size constraints and AMZN is hitting it. Of course, as you and GOC have raised concerns, timing is everything.
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