Check out this lawsuit and legislation that says
that Amazon is gonna need a new name real, real, soon.
So much for the time they spent building brandname
How about debtcity.com?? Or
profitless.com?? Or nameless.com??
Gotta hate that...
this great bit of news should mark beginning of
AMZN turnaround....NOT!! being short AMZN is the best
thing i've done in the market lately...this gaffe comes
as many people are wondering if this dog can ever
recover and are looking for an excuse to sell...this will
be it for many...gap down in AM
although at these levels, you don't want to be
too aggressive. Wehreas when AMZN was at 115, I had
75-90 puts, at 85 I have 20. I am expected AMZN in the
70s within the next month. Below $70 and I say stay
This one is great for day shorting and I to held
over night on this one and would like to cover in the
81 82 area, it might drift lower but I would like a
bounce to reshort and hopefully a rally as there are
always fools to bid this up, one thing dow when a rally
starts just give AMZN three days before a shorting when
it rallies, you wont lose thats what Ive done, other
than that little bounces into green like today dont
worry me this stock is truly going lower just like
EGRP, no earnings, with earnings suppose to get worse.
Im only short Yahoo and this now, I might cover
tommorow and see what happens, but AMZN on any suckers pop
is good, I can tell if the rally is a one or two day
wonder, actually two days will be enough to short this
pig in rally mode as the nets will never be the same.
Keep in touch.
my theory is that people are starting to grow
mentally tired playing this stock. AMZN has been like a
war of attrition. The shorts so many times squeezed
and the longs so many times crushed. The past three
months have been hell for players on both sides of the
amazon game. No one is going to win with this stock.
Eventually shorts will look to some thing less moody and the
longs will give up as well. As short interest keeps
getting squeezed and there are no more shorts. The stock
will take a final devastating blow. The blow will
ironically come because there are no shorts to cover and buy
back the stock. Oh well, its been fun but I'm damn