Hello friends,
Welp, I really hit the nail on the head with this one. If you've been following my coverage of US equities, you'll know I've been saying we are going to enter a bear market for as long as I've been on here. I reached this conclusion in early 2017.
I recently read Ray Dalio's latest literature: Big Debt Crises. It was illuminating and it's clear that a lot of what he talks about in that book is going on today. In fact, he thinks today's environment is similar to the great depression. I don't necessarily disagree, but we don't know for sure of course.
In terms of Amazon, fundamentals reign supreme. Always. You can't possibly have a strategy based off of longing companies with 3 - digit PE ratios. It's a massive company. Sure there's room to grow, but don't be delusional. A 50% rise to a trillion dollar valuation was absolutely bonkers.
As I disclosed in my first AMZN post my father had over a $100,000 position in this company and I convinced him to sell at 1850. With the current price, I saved him at least $26,000. Let me know in the comments if I saved you money too :)
If you had shorted this company from the time I said to, you've made considerable profits, I would consider locking in a good percent of that here. Yes, we could fall a further 30%, but it's always good to take some profit and go celebrate. Sometimes you don't get the chance!
Hope I've been of service,
-YoungShkreli
Welp, I really hit the nail on the head with this one. If you've been following my coverage of US equities, you'll know I've been saying we are going to enter a bear market for as long as I've been on here. I reached this conclusion in early 2017.
I recently read Ray Dalio's latest literature: Big Debt Crises. It was illuminating and it's clear that a lot of what he talks about in that book is going on today. In fact, he thinks today's environment is similar to the great depression. I don't necessarily disagree, but we don't know for sure of course.
In terms of Amazon, fundamentals reign supreme. Always. You can't possibly have a strategy based off of longing companies with 3 - digit PE ratios. It's a massive company. Sure there's room to grow, but don't be delusional. A 50% rise to a trillion dollar valuation was absolutely bonkers.
As I disclosed in my first AMZN post my father had over a $100,000 position in this company and I convinced him to sell at 1850. With the current price, I saved him at least $26,000. Let me know in the comments if I saved you money too :)
If you had shorted this company from the time I said to, you've made considerable profits, I would consider locking in a good percent of that here. Yes, we could fall a further 30%, but it's always good to take some profit and go celebrate. Sometimes you don't get the chance!
Hope I've been of service,
-YoungShkreli
Comment:
Rebounding pretty much exactly to plan here.