Glenn and all,
How are you guys doing lately!
As predicted in my previous message a while back, AMZN and the whole net group went down significantly during the past month or so. In the meantime, I've been quietly sitting on the sideline, enjoying the decent Net profits made before Apr 26, and waiting for the end of this round of Net correction. So, the fact that you guys see me showing up again here must prompts your hope that, as an undisputed successful Net trader, my opinion about AMZN, and the whole Net group for that matter, must have changed since my last visit here? If you have that hope, you're right!
My current feeling is, AMZN is probably in its last leg of going downward. In fact, the whole Net group - here I mean those clear Net leaders - is in its final stage of correction. I'm expecting that, in the next 4 weeks, the Net leaders could move up as much as 30%, i.e. AMZN trades back to $150, AOL back to $145, CMGI back to $130, CNET to $65 and DCLK to $120.
With above opinion, I've started using my massive reserved resources and have bot back the first chunk of AMZN today at $105. Within the next week or so, I'm planning to purchase up to 500sh EACH of AMZN, AOL, CNET, CMGI and DCLK. The goal for this round of investment is to get 30% return by July 1.
If you've known my trading practice before, you know my short term prediction has a >70% chance of correctness. So join me if you want to make some money. Otherwise, you're welcome to sit and watch, or even do just the opposite if you want.
Good luck!
MB |
