AMZN & SHLD (if u can) are better shorts if you ask me.
GS got so many ties to many influential institutions around the world.
Many pumps on GS are also on going now. If you think about it, among all bank stocks, it is the best.. money in that sector has to go somewhere...
AMZN on the other hand has run toward its 52 week high in the face of record unemployment... it is just logical enough to stay short.
I know longs will come out and talk about bigger (biggest) piece of online retail pie (my argument is the size of whole pie is shrinking everyday). Secondly, it's cloud computing... if it can bring in 50% growth for AMZN for Y2009, i will concede.. until then, i will stay logical for a bit longer.
One thing all have to admit, the market has championed AMZN so far.
'I agree. 20 points in a few days and that's a screaming short. Why on earth are GS and MS so much stronger than the banks ? aren't they chartered as banks like BAC and JPM ? I recalled buying MS at $12 and it kept dropping even after the Japanese sealed the deal. What makes it so different now ? '