Tuesday, June 27, 2017

$AMZN #AMZN Amazon- I have not seen this clear profit taking in Amazon.com stock ever

$AMZN #AMZN Amazon- I have not seen this clear profit taking in Amazon.com stock ever. The stock touched $1000 plus but since then, over last one week, I constantly keep seeing the profit-taking by some circles.
Investors be careful. No stock in the world is good stock for ever. A stock is good as long as it is priced right. I think Amazon is not. I see many smart investors are dumping the stock of Amazon.com.
If you have courage, it is time to buy some put options or short the stock with a $50 risk.