Investors who decided to bet on the short side against Amazon (NASDAQ:AMZN) have been vaporized.
On the other hand, those investors who have decided to follow our Strong Buy recommendation on the stock made public here have been rewarded. Can you imagine the fortune you could have made trading this company according to our recommendations as it was the case with so many other Beyond Trading Corp. picks in 2009? Intuitive Surgical (NASDAQ:ISRG), Dreamworks Animation (NASDAQ:DWA), China Green Pearl (NYSE:CGA), Agrium (NYSE:AGU), Mosaic (NYSE:MOS), Goldman Sachs (NYSE:GS), American International Group (NYSE:AIG)...just to name a few
Articles about some of these companies were written by Beyond Trading long time before events materialized offering any investor a real chance to make a great amount of profits on both sides of the market. Please bear in mind those articles included long and sell short opportunities in the stock market
"At this point it does not matter where Amazon is going. We have been proven consistently right on the stock as well as in many others. We published our research including specific targets for Amazon which have been proven correct. It was not a question of chasing the momentum on the stock, on the contrary, it was recommended to buy shares of the company every time they sold off to specific support pivots, the last one was $94.6 before earnings announcement. Before this mark, it was recommended to buy at $88 and before this at $77. We made very clear to our clients Amazon target $130 would be a likely event, a conservative approach. Moreover, a few months ago it was made a public announcement to fund managers and public investors urging them to close any existing short position on the stock near $77. Our purpose here is not to demonstrate that our team is always right which is not the case. An investor has to assume entire responsibility for his own decisions independently of them resulting in profits or losses. Beyond Trading measures performance by the level of total accumulated profits resulting from all real-time alerts and recommendations where the accuracy of those real-time alerts is a critical competitive advantage since helps one to maximize profits or minimize losses in the market. In a world where the "buy to hold" strategy does not work investors need a competitive advantage which results from a very strict set of rules to follow put in practice on a daily basis following our pivots", Vieira, Beyond Trading CEO
Amazon (AMZN) closed above $130 on 11.10.2009, to be more precise at $130.9 after-hours.
Despite all that has been said here, Beyond Trading most famous call for entire year 2009 was the recommendation to close 100% short positions in DJIA (Dow Jones Industrial) at 6770 (March 04, 2009) recommended to be opened in 2007 at 13,635 (July 09, 2007)