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Strategies & Market Trends : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: jjstingray who wrote (76591)	6/25/2003 9:25:26 AM
From: At_The_Ask	Read Replies (2) \| Respond to of 209892

You could be right but when you say they "have" to come back to earth I get little alarm bells going off. I don't think they have to do anything and they could double again from current levels without breaking a sweat. PE isn't much to hang your hat on when looking for shorts. Because they are richly valued you are looking for ta reasons that they could break. The charts say they are the strongest things around aside from some healthcare junk. You should look for a weak chart and then decide why it's a pos and short it. amzn has been in an uptrend going on two years and is close to a 10 bagger off of it's lows. It could be another year or two before people stop buying it or maybe never. You are essentially bearish on them because of fundamentals. TA rules. Think about it.