Tuesday, October 25, 2011

First Netfilx, then Amazon, Apple is next.

Months ago i recommend purchasing way out of the money puts on all three.
Netflix and Amazon Puts that were 40 points out of the money went up, on average 400%.

Don't get me wrong, i love Amazon, it isn't going anywhere as a company but right now, the market is looking to smite these high flying stocks.

Get out of the way, DO NOT GO LONG- any of these stocks.
With consumer spending and sentiment in the toilet, we need to wait it out. The shorts aren't done with this one yet.

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