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Thursday, March 8, 2007

Contrarian Approach Tells Me to go Long Amazon and Short Goldman Sachs

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I have been shorting Amazon for a long time and have lost my shirt on it. But everyone hates it, which leads me to believe the stock will not be going down anytime soon. On the other hand, everyone think GS is cheap and will go up. I wonder if the stock will go up much from here considering everyone is already bullish on this stock. Leaves me with more questions than answers.

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