agent99,
LOL. Yearning for the good old days of the net bubble, are we?
Face it. AMZN *is* just a retailer. I love AMZN as a website, but by any measure it is not rationally priced. It is not yet out of the woods even with their progress. If you take the time to look behind the numbers there's alot of froth. Even their much ballyhooed penny GAAP profit was mostly a mirage, fueled by $16 million of foreign exchange gains.
Enjoy your gains while they last and be happy that the shorts are getting squeezed for now. But don't be surprised if it doesn't last.
CNBC, please have MORE analysts like Holly Becker on!
response- Message 18326447
This is why I ask for balance against extreme analyst views, no matter how preposterous or correct they seem at the time. If there is a pool of say 10 analysts, one strong buy and one sell and everybody else in the middle, CNBC should highlight one of the midrange, OR both the strong buy and the sell. Not just the sell, as they were doing with Ms. Becker.
Missing a 2.5 bagger in the worst bear market in 30 years, what a disaster, and for the exact reasons as I pointed out!
Lizzie |
