>>>>Wouldn't it be smarter to just wait until Amazon definitely is on the skids before you establish a short position (this relies on the assumption that one can get Amazon shares to short)?? Your percentage gain will be almost the same whether you jump in at 90, 70 or 50, if the stock does end up going down into the teens,<<<
Norman - while you make a good point re: risk , we're only human.
How can you sit by and watch a stock trade for such a ridiculous number , and not want to get short ? When it starts to dive , it may be harder to borrow shares , as you say. Puts are attractive , also.
I am short now , and will be happy to add to that position at 70 , and again at 50 , again at 30 , and at 25 , etc.... good luck to all. |
