But it could be cut in half first. Do you realize how fast bids are pulled in the current market?
When the programs & algorithims conclude they can make more money bearing than bulling, it will be fast & brutal on the downside for Amazon & all the momentum stocks.
I don't think so--they want to take some air out of the dirigible, gently if possible.
Politics messes with business. Low profile is best.
Just a weeee bit lower, maybe in $150 area.
If you mean prospertex, no, different person. Prospertex is much more agressively bearish. I'm more careful, and agree with Herb Greenberg (see his twitter posts) that is best to be careful with this one & avoid it until the FTC says something. If you told me to choose one, buy or sell, I'd be inclined to sell above $60, and even $50. below $35 or $40, maybe a buy.
"Buffy" says he won't invest in what he can't undersatnd, & I think this stock qualifies as a head scratcher.
I don't understand this crazy valuation at all. Must be the cloud.
At $61, the potential downside seems 3-5 times the potential upside. My opinion.
Maybe below $40, if things haven't changed, I'll flip to the bull side. Seems to me up here the bulls have the greater risks, if only for the economy getting weaker & nothing more. I could be wrong.