As I write this (Monday night), the stock market values AMZN at more than Federal Express and United Airlines combined. This could make sense, as Ive argued several times before, if everything goes right and Amazon becomes one of a handful of companies that control all global e-commerce. Usually that kind of thing doesnt happen, especially when competition is likely to be fierce. But it could.
I sort of hope it doesnt, because I foolishly shorted a few shares of AMZN a couple of months ago. But it could.
I shorted it on November 16 at 128 up from 25 earlier in the year. Thirty days later, I shorted a little more at 290. Not a bad 30-day run. Monday, it closed at 354 (and then split three for one, so now you have to divide all these numbers by three).
In the meantime, for book buying, Ive begun switching to www.booksamillion.com. It charges about 20% less than Amazon, and when you buy as many books as I do, that mounts up.
Tomorrow: Free Books
Quote of the Day
On the day of the 1983 economic summit, James A. Baker 3rd, then chief of staff, realized Mr. Reagan had not read his briefing book. When Mr. Baker asked why, Mr. Reagan responded, 'Well, Jim, The Sound of Music was on last night.'~Professor Herbert S. Parmet reviewing President Reagan: The Role of a Lifetime
Request email delivery
- Mar 26:
iPhone Tips And The KGB
- Mar 25:
Of Deficits And That Mechanical Swan
- Mar 22:
Pins And Groats — Be It Ever Thus
- Mar 21:
Demand Your Carbon Dividend
- Mar 20:
Success! Why Do New York’s Mayor And City Council Resist It?
- Mar 19:
The Other Kind Of Bankruptcy
- Mar 18:
- Mar 15:
Pete Buttigieg And John Delaney
- Mar 14:
The Fifth Risk
- Mar 13:
Reader Feedback: How About A Stock Update?
- Mar 26: