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  • nemesis_editor_2007 nemesis_editor_2007 Sep 11, 2012 10:34 AM Flag

    techstrategy has lost $30 per share on latest short; His Google Tout has been a FLOP!

    "I'd have to look back at it for the specifics, but I probably entered last year somewhere below $240."

    You don't need to check anything. I can tell you. You entered around $180. $180 is "below $240" and fits the criteria of between when you arrived here and "last year".

    "I did not reenter until the move to 230 earlier this year."

    That's the same pattern as when you shorted at $180. You tried to short the immediate post-earnings high but ended up riding that up for a big loss on those initial shares. So this would mean you have a loss of $30 per share on your shorts from $230.

    You also told me that Google would outperform Amazon yet Amazon is up 50% this year and Google only 5%.

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    • Furthermore, let's be clear about when I made that call. I made the long GOOG short AMZN call in the June/July timeframe. GOOG has outperformed AMZN over that window.

      You are so desperate to try to discredit me that you are misrepresenting my statements... Pathetic.

      And, I will be proven right here again...

      • 1 Reply to techstrategy
      • "when I made that call. I made the long GOOG short AMZN call in the June/July timeframe."

        Would you like me to pull up all your posts and show you? You said Google would outperform Amazon under ANY timeframe. Weeks, months, years, etc. You bragged a lot about that and quite loudly. It is so easy to discredit you:

        "Nemesis: I'll bet you $10K made out to the choice of the other's charity that Google outperforms Amazon"

        That quote comes from a post Yahoo! says is from 10 months ago.

        Share Price Increase in Last 10 Months:
        Amazon 35%
        Google 11%

        Your tout has been nothing but a flop!

    • Nemesis: I do not believe I entered at $180. Why don't you show me the post? In fact, I am fairly certain that I entered north of 200... Around $210 as a matter of fact. And, I am very certain that I doubled up at $240 and profited handsomely on AMZN in 2011

      As to the long GOOG short AMZN trade, it will prove to be a VERY good one. I just have a different time horizon than you. When the markets turn down and when AAPL and GOOG choose to compete on price in terms of selling content to consumers, AMZN will be crushed. Google will hold its value much better...

      Best of luck. You will need it...

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