In addition, who would keep on loaning them more funds, so that they can keep on increasing losses to show-off their big revenue figure? All these things we knew months ahead here, but now the media will pick these up and highlight them in bold headlines.
Also, did you notice that, the entire float was re-circulated twice (churned) after the first straight rise stopped for the first time around 120? And want to know the reason? There were 2 more brokerages, who may have been caught by some mild-surprise by stopping of the train-up, before they could get their best clients out. So, imho, we saw 2 more upgardes, which sustained the train on its peak for a few more weeks ... and those big-boys were safely out, imho.
All brokerages knew imho, that this will eventually stop and fall hard ... they were just not sure of the exact timings (no one is). Now, can anyone say that tomorrow it will rocket back to 120? I guess no one would, but I do not know for sure ... may be there still is some slow big-boy left! :-) But, fundamentally, the picture was always broken (after $20), and now, psychologically, its totally broken in indiv. investors' minds ... I doubt whether they will be willing to handover more money to AMZN now. But at $15, I think it was and is a great stock to own, and I'll be definitely long then (that means, I may never get that chance ... as this knowledge will stop its slide, may be at 20 or 30 :-) ). Everything has a price where its great and another price, where it becomes totally dangerous!
regards to all,
-/Sonny. |
