>If you feel there is no constructive value in looking at AMZN's
>performance since the beginning of the year,
What do you expect? The only way William can deal with the staggering losses is to convince himself, in his own mind, that the last 4 months have no relevance, or even better, did not really happen.
Denial ain't just a river in egypt.
The "true" performance of Amazon, according to William, would be when daytraders and eager shorters were being squeezed while unaware of the completely controlled float, pushing the stock up 20 and 30 points on a daily basis.
However, sadly, those days will never return. The mania will have spurts and fits again, since there will always be new daytrading people looking to get rich, but in the end, it will end just like every other mania in history has ended.
Just because the internet is a revolution, doesnt mean that the stock symbols for various shady deals pushed down the pipeline by greedy brokerage houses represent ANYTHING other than a desire to empty the pockets of the retail crowd. It is perfectly possible to fully understand the internet and its potential yet realize most of these companies should never have come public in the first place. |
