View Single Post
  #38  
Old 10-11-2007, 11:41 PM
Shoe Shoe is offline
Senior Member
 
Join Date: Jul 2004
Location: Follow me to riches!
Posts: 3,379
Default Re: I DESERVE RESPECT

[ QUOTE ]
[ QUOTE ]
I shorted amazon on your advice at 77 dollars what do i do now?

[/ QUOTE ]

If you read my post you would know that I said I think it is overpriced but not to short it yet because I expected it to continue to trend upwards, which it has.

[/ QUOTE ]

Sorry If I sounded rude here but I was assuming you didn't really short AMZN. If you did, then I would definitely cover your shorts now and just eat your loss on this deal. I do still think AMZN is overpriced but do not think the market is going to realize it for a long time -- it could just become stagnate for awhile. But at the current time people are too in love with this stock for it to go down by any significant amount. Also, just to make sure I'm clear, I am not suggesting that you go out and buy this stock either. I'd just avoid this one altogether.
Reply With Quote