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  • techstrategy techstrategy Nov 23, 2012 1:02 PM Flag

    What was the close?

    Looked to me like someone was trying hard to squeeze short calls and shorts, but couldn't unload its position at 240. If so, that entity is holding a lot of shares it now doesn't want to be. The squeeze short calls play works, until it doesn't...

    Also looks to me like the institutional longs are doing the right thing... Predators are being blunted. That bodes well for rebuilding trust in the market...

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    • How can any institution long not be selling at this valuation? So many reaosns to sell - the economy, cap gains tax increases, and a FWD P/E of 136 with growth significantly slowing, net margin less than 1%, and current ratio that headed to wrong side of 1.0.

      • 1 Reply to once_on
      • Once:

        It is much worse than that. I said awhile ago that AMZN could find itself in serious trouble. What would happen to its economics on a Mideast related oil crisis? How would Amazon's economics change with respect to WalMart?

        There is material risk that Amazon is vulnerable to a massive cash crunch if we had an oil shock. And NO ONE would provide the capital (debt or equity) to finance it because everyone would understand the flaws in the business model once the shock had happened...

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