"[Active managers] Have a once in a lifetime opportunity to do the right thing, regain the trust of the investing public and dramatically outperform the passive index ETFs and the complex that has broken the markets...
They won't get another opportunity like this one. Pretty soon, they will be selling into a vacuum..."
Techstrategy, you're deranged. Fund managers are as clueless and incompetent as naive "investors" like you, and most of them land their jobs for wrong reasons. They don't know what they're doing, but they get to use other people's money.
"Affirmative Investing: Women and Minority
Owned Hedge Funds
In recent years, there have been an increasing number of pensions and other
institutional investors who have expressed interest or started investing in women and
minority owned investment companies. Indeed, such investing is now mandated for
public pension plans by several states, including Ohio, California and Illinois. However,
the debate over these practices remains fierce, while the number of women and
minority owned funds continues to be relatively small, even as demand increases."
From: Barclays Capital's paper: "Affirmative Investing: Women and Minority
Owned Hedge Funds"
Everyone is watching the tape currently. Everyone is thinking, will AMZN go down prior to earnings like the last time? Everyone is thinking what's the benefit of holding at this point? I mean, sell, get calls to hedge if you need to...
Btw, EBay has already provided lackluster guidance...
One got to be insane to bet that there is someone nuttier yet that will get in at this point...
Actually, I think the active managers have a plan (at least the big ones). There is a reason AAPL and GOOG took big hits in Q4 while Scamazon soared. In Q1, that will reverse. The only question is when...
They rape and pillage and use the media to cover for them. When the scam is about done they change the rules to keep it going. Then when it's really over they make up some trading vehicle to profit from the collapse...not caring who goes broke. Pj
It is a game theory problem. Any one significant player (1MM or more shares) decides to remeber its moral compass (and more importantly fiduciary obligation to shareholders) and behavior will change. The ones that don't will be margined and selling below 200 in a few months. Any fund holding more than 1% of its fund in Amazon at these levels is negligent (the debt ceiling IS NOT the primary tail risk here... Nor is the austerity that will crimp consumer discretionary everywhere).
This stock WILL get hammered in 2013 and it will never recover because it will have to damage the consumer brand to survive the cash flow impact and/or deal with bond investors that will be far more savvy about the true cost structure and enterprise risks.