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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony,

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To: xcr600 who wrote (2764)1/6/1999 12:59:00 AM
From: Kailash  Read Replies (3) of 122087
 
Everyone having been wrong calling the top of AMZN so far just means there's all the more incentive to call it right. How about now? The split is over, they've just told us sales are up and the bottom line no better - they could surprise us with a really bad quarter of losses. Stock has never been higher ($372 pre-split). Internut mania is beginning to fade as financial realities trickle through.

Perhaps it's a bit early. Let's all put a GTC sale at $133 - that's the $400 target given - when? - a month? a week? an hour ago? Well, we were almost there today. Ladies and gentlemen, we may be witnessing the last week of AMZN's glory days; let us pay our respects and give serious thought to sticking the pig. It will be very messy, but the ride that starts at $133 will match Magic Mountain's finest.

Kailash

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