DeltaHotel

Amazon Is Looking Like Starbucks of Yore: Too Expensive

NetworkEffect you are absolutely spot on my friend! I used to work at a big investment bank but before that I managed my famiy's stock portfolio and did quite well being long Commodities and Mining stocks from 2004-2008.

However what I am trying to say is that I agree with your point about "big money trading" having worked at a large IB - Fundamentals and technicals quite frankly irrelevant with regards to the stock market nowadays.

The ONLY thing that moves stocks is fast money i.e Hedge Funds, and Institutional Investors like mutual&pension funds.

My sole piece of advice to any investor would be : Find out what Hedge Funds & other "big money" players are buying or shorting and follow suit.




On Jan 30 08:05 PM Network Effect wrote:

> Amen brother, but Amazon is yet another example of why wall street
> is a con man's game. The pros are long so they don't talk about this,
> they choose to talk about the positive side of the story. Once they've
> made their money and are out, they will then talk about all these
> negatives. The key to making money in the stock market has nothing
> to do with fundamental analysis. It has to do with figuring out how
> big money is trading, and nothing else. they will focus on whatever
> they decide they want to focus on, and for the past couple years,
> it appears that they are more and more focusing on whatever main
> street is not focusing on. It takes two to trade, and the story is
> clear as day the last couple years - wall street trades the opposite
> of whatever main street trades, regardless of the story. They just
> focus through the media on the part of the story that backs their
> trade. Hence the con.