>>> I urge you not to blow the last of your money continuing to try to short this stock. As I said before, I shorted AOL at 35 when it was in real trouble and watched it go to 90 <<<
Walter - that is surely good advice. After the last two days , it is obvious that this is a pure MoMo phenom.
However , I will say that AOL , while ludicrously , and I mean LUDICROUSLY valued at present , is a much better business prospect than AMZN. That is what is so confounding about this stock - their prospects are such a joke. AOL gets the money that Amazon and others must pay out to "build a brand" or whatever it is they think they are doing. Only problem is, there will be 10,000 "brands" and I don't think AMZN will be able to make any money in the cutthroat pricing that will ensue. And neither will any of the others !
The only possible winners will be the Yahoos , AOLs , etc. who get paid by the aspiring E-tailers until the cash runs out.
I was tempted , but did not short either AOL or YHOO for this reason. They may actually make money someday. They are also run by smart people , real smart people , no doubt. And AOL gets paid by its members , as well as Amazon and others. Amazon just sucks air and makes announcements about new products for sale at a loss, and new "strategic alliances" and that sort of thing. And their stock is up 500% in a year.
I am sure that when the frenzy dies down , and the reality of what the stock is all about sinks in , this will be regarded as an historic blunder of overvaluation in a manic phase of a seriously misguided market. JMHO , cheers to all. |
