Mark, though I don't know why my criticisms of AMZN should offend you, if so then sorry. I really do think you are one of the few longs here that tries to keep this on a friendly level. Perhaps the excitement of these last few weeks has something to do with it, but I do not understand your insistence on referring to the bears here as "foolishly obsessed" or "dense" simply because we are not willing to ignore every principal of value and reasoned analysis we have learned in our collective decades of investing so that we may join in on the mania. Any student of business, finance or the markets knows this makes no rational sense and can not last, and any student of history knows that manias do happen and, under the right conditions, can go on for some time, but still invariably end badly. Yet you say "it is going up and is going to double again". Have you found the secret to how long a given mania can go on and what level of absurdity it can attain? Do you have any basis at all for making this statement? Or are you really not the congenial bull we took you to be, perhaps instead enjoying rubbing salt into the wounds of others. Perhaps it is simply a wish rather than a reasoned expectation that it double yet again. Anyway, if you start ending all your posts with endless hahas and exclamation points, we will have our answer. We bears simply want to benefit from an end to this mania that we know will come, just as you have benefited from the upside of the mania. Neither of us knows when it will end and we have clearly underestimated the power of the madness, but it will end. Until then, and perhaps longer, I will continue to point out every material flaw I find in AMZN's business, financials, public relations and management as well as to counter any ill-founded or misinformed analyses or rationalizations of AMZN's prospects, tactics or valuation.
Regards,
Bob |
