If You Have the Nerve, Short Amazon Into Earnings
Very recently I took a new short position in Amazon. I had written previously about shorting Amazon, and if you played it, it returned a tidy sum in a relatively short period of time. Amazon earnings are out tomorrow. What I said previously is every bit as true today: Amazon is priced for perfection, and when they cease to deliver it, the stock will get clobbered. My guess is that they will provide an OK report and then offer lousy guidance. The stock will be at $65 within two weeks.
Disclosure: As of publication I am short AMZN, but positions can change at any time. I am not a professional, but I am trying this at home. It is highly recommended that you consult a licensed financial advisor or broker before making any and all investment decisions.
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You’re back! I was just about to take you off my ‘blogs-to-read-while-eating-lunch-at-my-desk’ list. Glad to see you’re alive and well. N-