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  • stkpkr44 stkpkr44 Dec 10, 2012 1:18 AM Flag

    Sold my shares today

    Selling may have been the best decision you have made. AMZN is way overpriced. They are losing their edge and price advantage over retail stores. Prices of items seem to have gone up, they are starting to charge tax and they lack the ease of returning or exchanging items promptly. Technically, the stock is overbought. The promise of revenue growth increases forever will not hold water indefinitely, their Price-Earnings ratio is off the charts. No sane person would buy at these levels but sanity has never been the hallmark of Wall Street.

    Sentiment: Sell

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