By the way, don't you think amzn is much less risky now ? I mean as a long. You really do have to be very brave to short it now.
I would almost agree with you, given the expectations of many, however, the overall sentiment of the market is not helping the Internut stocks, (or any other highflying stock for that matter)...
A slight error, (interest rate fears, cpi mishaps, earning disappointments, general negative news about a particular industry, etc), and people may actually look down, all of a sudden, becoming aware of the height.... then we have a problem.
I may be wrong, but in terms of present risk exposure, I would feel better if there were a real sell-off (of general characteristics), rather than a "selective" one... then the environment would be more favorable.
Do not forget too, that the Y2K alarmists may yet have a chance to instill the fear of the bear into this market, going towards the end of the year...
Personally, I think interest rates will not be increased, as the recent CPI spike, I believe it to be due to the rise in the price of oil, which I think will be short lived. In addition, such increase in rates would be the killing song for Latin American markets, (and maybe others), and we already know what that is like....
Having said that... it does not mean it can not happen....
So my short answer is, trade with very quick fingers, and be very fearful, at the first sign of resistance to your position, get out, it is better to be wrong than broke. With wrong, you may trade again, with broke... well, there is always hot soup at the mission... |
