<<This board is littered with shorts who have been burned because they were too overconfident.>>
and I'm one of them. AMZN is not valued on fundamentals, and has not been since at least January. I can't for the life of me figure out WHY anyone with any sense would buy this thing at these levels, but they have, and may continue to do so. It is a speculative vehicle at this point, and those insisting on using valuation as a indicator to long or short this stock are going to be wrong, at least in the short term. Fundamentals got nothin' to do with this right now.
I appreciate the longs' view on this thing, a thread is not helped by a one-sided discussion, where each side tries to out-insult the other until it's all just noise. Both longs and shorts have been guilty of this here. There are threads where shorts and longs peacefully coexist, and the discussions are helpful to both. I tried to discuss AMZN with jawd and Mark Fowler, I really wanted to know what they thought, and jawd was amazingly consistent with his forecasting ability. It is actually possible to learn from someone whose position is contrary to your own, if for nothing else to try and understand why the stock does what it does, despite the disconnect from fundamental value.
I hope others on this thread try to cut Tom some slack in the future, he seems to have been a reasonable guy, no need to slam him every time he posts. |
