I’ve seen chatter recently about how it would be a great time to buy stocks like Amazon (AMZN) and Facebook (FB) since they are “cheap” again due to the recent Nasdaq selloff. Umm, OK.
I’m of a different opinion. I’m short these two stocks (and 38 others), and I intend to hold on to them. Here’s Facebook:
And here’s Amazon (against which I suggested buying puts back on November 22, many, many dollars ago):
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