Perhaps if you doubled the size of your EGGS position
or cut your AMZN position in half, you could more
properly adjust your risk
Without risk there is no reward.
One is a bet on a company with promise, which may also turn out to be a bubble in the making.
It hedges against a pig on its way down.
If all bets all right (AMZN down, EGGS up), I'll make a ton of dough.
If AMZN goes up, EGGS likely will as well, so I am slightly hedged against continued market insanity.
Anyhow, my investments reflect my rather strong opinions about how the market behaves, and will continue behave, regarding internet stocks.
Only time will show my wisdom, or lack thereof, no? I'm not a day trader and make my plays based upon longer term analysis with an eye towards historical behavior in the comparative sense. I see the worst case scanario for AMZN stock performance (in the AMZN bear's sense of the word worst), as following a four the year chart of NSCP. Best case? KTEL. I also think a lot of smart money agrees with this, which is disappointing to those who wish to come on board to this train of thought, because I'm sorry to say, that there are simply no longer shares of AMZN available to short, anywhere.
Just MHO.
Regards,
-- Eric |
