i covered some and added a little back near the close at 221. i think it may pop up at least to test 225 area when the market turns, and i will add them back at that point. but i may never get it if it goes the way of apple.
good luck to you too.
Hey tech and Rimm good luck on your positions. I know this thing is like the tulip craze in holland that crashed, but it is funny that it can float so high and so many people believe in this craziness without the facts, facts being earnings. "show me the money" AMZN can't and will not be able to.
Everyone on Wall Street adopted a "barbell strategy" in case of tail risk for inflation or deflation, which is why so many growth companies got insanely overvalued. But, they did a lot of fuzzy thinking. They naively thought of inflation as monolithic and uniform rather than relative. The inflation we experience is a function of where we sit in the economy. Most have it wrong. All the longs here do. And I mean VERY wrong. They missed the balancing or negative feedback loop.
I strongly recommend you purchase a bunch of Jan 2015 INTC call contracts (I added 100 at $20 strike today). That's where the people that have it right are buying... That is a real hedge to the supposed source of "inflation"...