Well even with all the 'geniuses' explaining why this should go down, it went up anyway. And yes, I have sold again with a short term profit. No need to ne greedy.
I recall you shorting a little while back around 300. Hmmm. This time I think you are actually getting it near a frothy moment. All the momo stocks are getting ripe here IMO. AMZN looks good for a drop if it gets near 350.
Well I actually am rooting for you, but as others have said being a conviction short is just plain dangerous here. What if AMZN goes to 350 in this blow-off? Can you hang on. You better ask yourself because stock prices and valuations seem to have no meaning right now. Personally I get stopped out very quickly on wrong moves.
Sentiment: Strong Sell
I'm gonna have to disagree with this. Carl is plainly talking his book. Worked once, but will have limited effect each time he 'cries wolf'. IMO.
If you have seen my previous posts you would know I don't give a rat's a-- about this company. I plainly admit it is an overvalued POS flying pig. However, the stock and the company frankly are 2 different things. If there's $ to be made on the stock, then I'm interested, either long or short. I see no reason for 'conviction' in either direction right now.
This looks like they are sucking everyone back 'into the pool' with this news of a delay in the Syria event. Could make the actual news of an attack more jarring for longs IMO. Still say sidelines is best place right now.
Instead of covering into the teeth of the selloff at 280, they have now given back 1/2 of their recent gains. So in summary: good conviction, bad trading!