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Strategies & Market Trends : Value Investing

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To: Mike 2.0 who wrote (6592)4/6/1999 2:04:00 PM
From: Michael Burry  Read Replies (2) of 78516
 
Round two of piddly me v. Amazon

FTR, I shorted Amazon at 188.

I shoulda never said never. Last time I shorted at 113, covered 1/3 at 155, and covered the remaining 2/3 at 104.

My reasoning is it's getting near old highs, it is ridiculously overvalued, and if it breaks through to even newer highs, I'll cover.
And yes, I'm doing it on principle, too.

Mike
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