I have been short Amazon since 1870 and am currently in good profit.
Amazon has been overvalued for a long long time. If people do not regain confidence in the stock it will drop much more.
Note
Good profit
Note
Note
To be completely honest this is pretty worrying. I am hoping for a couple more years.
Note
Note
This could be a correction or the start of a bear market. If the bear market does occur, AMZN will drop very low. When people believe future does not look good, the stock price will reflect that.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.