I Was Dead Wrong on Amazon

OK, it’s time for me to admit that I’ve been dead wrong on Amazon.com (AMZN). I said the stock was vastly overpriced around $85. It’s up $20 today to $113. My hero and mentor, Howard Lindzon, was exactly right and I was wrong.
There you have it. The market abides. Now let’s never speak of this again.
(P.S. $113?? Are you nuts???)

Posted by on October 23rd, 2009 at 10:19 am


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