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Strategies & Market Trends : Value Investing
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To: Michael Burry who wrote (5593)1/3/1999 6:20:00 PM
From: jeffbas  Read Replies (1) of 78715
 
On shorting Amazon, it is my experience that you never short a bad stock but only a bad company. An overpriced stock can become a lot more overpriced before you are proven right. (If fundamentals are deteriorating, that would be a different story.)

However, these Internet stocks do smell like the top in the oil stocks in late 1980, where one day the ten most active NASDAQ stocks were penny oil issues.
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