8m kindles * $150 = $1.2b revenueCompany is valued at $83b.Whomever needed an e-reader got one and, on the upgrade cycle, you know they will switch to Apple.This news story is the top for this bubble... Amazon P/E goes to 20.Amazon stock fairly valued is 50-60.
Lucretia: You might as well profit from the bursting of the Amazon.com bubble.Balding 40y old men who invest in this sick co. will kick their own pathetic latent homo butts when they realize they did not short at these obviously OVERBOUGHT levels.The consumer is tired of this company and will put his wallet away.
Actually I have a full heaad of hair, and I'm 63. I have some AMZN and I've done pretty well, up 35% this year. I also buy on Amzn, and I'm not tired. So why not tell us your position so we can share in your joy when you make all this money?
Pretty inciteful. You should short AMZN and make lots of money. When the stock goes up, just keep covering, you'll get all your money back pluss more when it does crash, as you've figured out it must.Let us know how it works out!