Nasdaq/troll (I believe you are he), why are you intolerant of opinions that differ with your own? Free speech is the most American of rights. You should live in a totalitarian country since you have a totalitarian viewpoint apparently. What is wrong with voicing an opinion, and that is all it is, that a stock is overvalued?
1. You are buying without seeing it. This may work OK with electronics or clothes, since every item is essentially interchangable, but with groceries? I wouldn't trust anyone but myself to pick out a vegetable, fruit or piece of meat. Some 20-something picking out a good steak or avocado for me in some warehouse doesn't cut it.
2. Delivery date uncertain or delayed because of weather, etc.
3. Problem of returns. If you don't like it, may be difficult to return it.
All in all, would rather shop for things myself.
Nematocyst, a whole North Sea of selling is coming. Save yourself. Things have changed.
Its down almost 9 points from high, better than 10%--that qualifies as a correction. It won't be a bear move until it breaks the 200 day moving average around $62.
Like to get a read on the board consensus here.
I suspect Syb may be plumping up the acct balance, but Syb has some useful things to say.
200 day moving average is around $62. Not a real bearish move unless 200 day turns down & 50 day breaks below 200 day (bearish cross). Until then, prob just an overdue correction of the big upmove.
Why don't you bump Sybil's posts--Syb is the real grizzly--says Amazon is going to $20. I see value at $150.
I think you're more bearish than me. Just a garden variety correction is my forcast. -35% by Oct? Momos double that loss.
Ride 'em cowboy. YeeeeeeHaaaaaaaaw!!!!!
No, I wish no harm to the 3. They are useful contrarian indicators and a source of great humor.