I have been short Amazon since 1870 and am currently in good profit.
Amazon has been overvalued for a long long time. If people do not regain confidence in the stock it will drop much more.
Amazon has been overvalued for a long long time. If people do not regain confidence in the stock it will drop much more.
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Good profit
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To be completely honest this is pretty worrying. I am hoping for a couple more years.
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This could be a correction or the start of a bear market. If the bear market does occur, AMZN will drop very low. When people believe future does not look good, the stock price will reflect that.
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Over 18% on original
