Amzn

I can't see amazon doing that well in the long term with google dominating the whole internet. Amazn.com is little more than a much smaller version of wallmart. Just a big warehouse with cusotmer reviews.

Same goes for Ebay and Yahoo. None of thse companies will make good long term investments.

 

Shorted more at 54.32. Now it is 55.20. How far it will go? I will be patient.

 

looks just like 1999 today with AMZN up over 10, I would not be surprised to see AMZN up to 65 by mid summer and nearing 100 by the end of 2007. I know its quite sad but anything is possible in this market.

 

why is it sad?

 

Because having assets go up 100% in 6 months and then down 50% the following 6 months is bad for stability and overall growth, yet no one curbs it out of personal greed and interest.

 

I am done shorting for the day... have plenty of shares... 55.90 was my last entrance...

 

Ditto. The key to profit is the patience. I believe most of the run up today was due to the panic short covering.

 

exactly.. my next entry is somewhere in 60-62... if today isn't the peak.

then the runout of momentum will be beautiful.

 

I think theres a lot of bears out there looking like they are clueless.

r u 1 of them?

 

i was about to post -- this is a crowded trade, so it may not work so well. But -- I'm very very long the market in general right now, and like to keep shorts with downside around.