-- First, people are greedy. They see a stock go up and they buy it and hold it as long as the trend
is up. The trend on AMZN is still up if it can go above $126/share again. I doubt it will, but that is
not relevant. It is only my opinion, not a fact. retail investors like you and me and momentum
"cowboys" own this stock. They do not know/care about the business model.
Gizelle,
Its arguments like this that make people lose money in the market. They prefer to be right, rather than make money.
What is your primary aim in buying stocks? Is it to "understand the business model"? If so, you will lose!
The aim of everybody on the thread is to make money; whether you are right, wrong, or just lucky!
If you feel so strongly about AMZN, please short 1000 shares at the market. Then you can put your money where your mouth is :-))
-- Second, I believe that all who buy this stock know in their heart that they are only in it for the
ride. They have their greedy little hands on the "sell button" all the way up. They are going to be
partially responsible for Joe Bozo and his friends and family and the USA going into a
depression.
Another sanctimonious lecture. We are all in for the ride. So is Warren Buffett, Soros or anybody who buys stocks. The aim is to buy and ride it as long as it makes sense to do so.
We all have our greedy little hands on the sell button. If you dont, you will still be holding CIEN, LBOR, BOST, PRST etc.. in your portfolio instead of DELL, AMZN, AOL and YHOO.
Cheers
--Olu E.
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