This company broke the trend line to the downside.
This will have a nice size correction coming.
It will take years for this to catch up with valuation.
Who want's to buy something that it might or might not earn in the next 3 - 4 years at current prices.
Plus Amazon is issuing between 8 million - 10 million new shares each year for employee compensation.
This is like the 2000 Bubble all over again and i lived through that one.
This will have a nice size correction coming.
It will take years for this to catch up with valuation.
Who want's to buy something that it might or might not earn in the next 3 - 4 years at current prices.
Plus Amazon is issuing between 8 million - 10 million new shares each year for employee compensation.
This is like the 2000 Bubble all over again and i lived through that one.