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  • Paulo Santos
    Mass delusion on AMZN, people keep repeating the "AMZN doesn't need to make money because it sells media" mantra
    7/6/12
    Reply (7)
    • Paulo Santos: As if GOOG and AAPL were not selling media, as well ... and MSFT was not about to do it, too ...
      7/6/12
    • Paulo Santos: Another funny thing is how people talk about "increased earnings". Earnings in AMZN have been doing nothing but going down.
      7/6/12
    • Paulo Santos: Delusion is fascinating. Making people believe reality is something other than what's right in front of their eyes.
      7/6/12
    • ChrisGriffith: Paulo, Is there a good way to play this and hope for a NFLX or GMCR-style meltdown? Long-dated put options are on the expensive side
      7/6/12
    • ChrisGriffith: ...and a short probably isn't a great play because the masses can keep propping this one up for a while until someone notices that the
      7/6/12
    • ChrisGriffith: ...emperor isn't wearing any clothes
      7/6/12
    • Paulo Santos: Chris, I don't think there's any safe way to play it except having a small allocation to it on the short side.
      7/6/12