Mark Krieger

Amazon Is Overhyped and Overpriced

nice. well written article. The fact is, human greed does not look at fundamentals-only momentum, The higher AMZN goes the harder it will eventually fall. The sheep are certainly being led to slaughter on this one

Amazon's Rich Valuation Defies Logic

Good point about the tax issue, you indicate a potential move to $85 on the high side, but you fail to mention AMZN's downside risk; I contend that the downside is roughly twice as bad as the upside potential-there is $30 downside risk and only $15 potential reward, creating a poor risk reward ratio

On Mar 12 06:35 AM alancelt wrote:

> I fully agree with this evaluation. The other thing that could hurt
> Amazon badly is sales tax. So far they have managed to escape paying
> sales tax in most states outside their base. With the recession biting,
> States will be looking at ways to boost their income and internet
> sales tax must be high on the list. Technically however the stock
> came out of an inverse head and shoulders formation so perhaps has
> an upside potential to around $85. If it gets there I would be going
> short again.