Seeking Alpha
  • OneLongTrade
    Einhorn's next target seems to be AMZN, anyone think it's time to short? Nice juicy gap to fill.
    5/16/12
    Reply (12)
    • realornot: Techs are wrecks. Close your eyes and shoot!
      5/16/12
    • OneLongTrade: I'm in CRM may puts (in the money), holding through earnings and then likely moving proceeds into AMZN puts.
      5/16/12
    • chuckholladay: He gave MLM and its CEO hell as well.
      5/16/12
    • Rubenov: And the excessive selling in HLF / NUS due to his supposed "short" position was a lie.
      5/16/12
    • OneLongTrade: Don't think it matters at this point. Market is frothing at the mouth for any reason to dump anything and everything.
      5/16/12
    • OneLongTrade: Plus he HAS a point with AMZN. A point Paolo Santos on SA has been trying to make for some time now. AMZN is not in the business of making
      5/16/12
    • OneLongTrade: money and they never will be.
      5/16/12
    • Rubenov: Yet you can go broke anticipating the point in which the market will start pricing in AMZN's inefficiencies and overvaluation.
      5/16/12
    • Rubenov: Paulo is turning into a madman thanks to his short position.
      5/16/12
    • OneLongTrade: I've shorted CRM and AMZN multiple times in the past year. I've lost on CRM in the most recent run (though might break even after earnings)
      5/16/12
    • OneLongTrade: But I've caught the AMZN downdraft 3 times. It comes eventually and it FEELS like a safer short than say AAPL (which I tried
      5/16/12
    • OneLongTrade: and failed all but once). The gap will fill eventually. Might not be till next earnings, but I may scale into the position.
      5/16/12