Algokid

Bearish (ish ! ) on Amazon

BATS:AMZN   AMAZON COM INC
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No open orders yet, but after reading some news on the company this morning, i'm very tempted to short for the following reason

1) Kindle Fire sales are dropping
2) Amazon has more competition. Apple Itune and Google's Playstore offer users more choices now.
3) Google's fabulous new tablet , the NEXUS 7 tablet , is FAR superior to the Kindle and only $199
4) Bloomber reports that AMZN is working with Foxconn to develop a phone to go "head to head" with the iPhone. BIG MISTAKE IN MY OPINION

Waiting for a few technical indicators to confirm a short entry. on the sideline for now

Comments

Consorting with Foxconn may not be such a bad thing. I recently read an article depicting the way Amazon created the Kindle Fire HD in a reverse fashion. I believe if they can capitalize on the positives and create a phone slightly tailored to Amazon users, Amazon can trend. Skepticism may create a good reason for a short now, however perhaps it may not be to worthwhile.
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I think the company is far bigger than the kindle fire, and I also think this is negative for AAPL in the longer run. Nice fundamentals Algo kid. Nice work.
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Followed.
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bias is different from trading...lot of people were bearish on nflx...it took a while for it to start selling.
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Agreed.
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