Wed, May 22, 2013, 4:02 AM EDT - U.S. Markets open in 5 hrs 28 mins
That is the PLAY here!AMAZON!
Amazon is more expensive than NFLX ever was, even at $300, and AMZN has earnings falling off a cliff, not even NFLX has that.The downside in AMZN is actually larger than in NFLX.
See you at $245.
AMAZON is a monster.Will continue to be a monster.Think of all the SAPS who thought they missed the boat in 1986 in Walmart!There was a LONG way to go after that!!!!Amazon a pure monster 2, 3, 5 yearts out and beyond!
For all you bitter longs...Look at ALL my Netflix posts dating back to nearly a year ago PRAISING Netflix...IF and ONLY if they issued a secondary above $180 per share to raise over $1 Billion and bolster the balance sheet.They didn't. They will now most likely fail.
SO you need to get out of your overbought position in AMZN, we go it.
Would not doubt $275 on Amazon by Thanksgiving.
Amazon is the winner.
Amazon is in a position to completely dominate the physical as well as virtual goods world.Jeff Bezos is RIGHT UP THERE with Steve Jobs in my opinion.Right there!They both share the critical VISION needed to endure long term.