All the crowing about "huge internet sales". Don't you understand, this is already in the price. Stocks discount future results. In the case of Amazon, future sales have been discounted many times over, with the absurd current and forward PE. Amazon has yet to demonstrate it can monetize sales to build profits. Let us say it will---how many years of profit gains would it take to get 'Zon down to a rational PE level? Even if we assume the BEST case for future profits (I don't), Amazon would probably have to fall below $125 for a correct discounted price. But what if the profits DON'T materialize? Amazon could easily fall below $100. Amazon is clearly in "bubble valuation" territory, as absurdly overvalued as any of the examples last seen right before the 2000 "tech wreck". Save yourselves and lock in current price. Sell.
SIGH! Headlines are all that matters in this business. The fact that internet sales are soaring is reason enough not to short this. In other words, don't fight the trend my friend. Another stock benefitting from an Amazon partnership is Riverbed (RVBD). If you do go short this, do a pair trade and go long RVBD. You can thank me later.
Not true. Headlines are all that matters to short term traders. Investors focus on fundamentals and economic value capture. By the way, much of the growth in "internet sales" is actually multichannel selling from traditional bricks and mortar retailers...
let me explain--in the drop from $262 to $220, I made lots of $. Ilast week I made lots of $ on weekly calls in MCP. Some of this I am redeploying into my Amazon bear position. Stop being a jackass, 6000.