Quote from: The Pharmacist on October 30, 2018, 02:37:43 PM

Quote from: cryptocrusher on October 29, 2018, 12:23:07 PM

Amazon is probably one of the stocks that would perform the best in a stock market crash given the extent of their market dominance,

Mmmm....I don't know about that. They've always been in the "tech stock" category, even though they're basically just a retailer with a huge online presence, albeit one with their hands in a lot of different areas, such as video-on-demand.

Would I short it now? If I was a short-seller of stocks (which I'm not), I might consider it. I think AMZN is probably going to drop further, but I bet it's not going to be by much and I think it'll rebound fairly quickly.

I've seen a lot of stocks I follow sinking lately, so we're getting the market correction that I figured we were overdue for. Since I view this as a temporary correction, I would advise anybody thinking about trying their hands at the short-selling game to be very, very careful. If Amazon stock were to start to go back up again after you sold it short, there's no limit to how much you could lose. I wouldn't do it, not with Amazon, not with any stock.

Well, I guess that's just a difference in opinion, mind I ask what stocks you think could perform well then? Or is it more of an overall negative outlook for the whole stock market?

As for your advice on shorting any stock I'd have to agree, it's one of the riskiest things you can do and unlike buying a stock or cryptocurrency or anything else the potential loss is fundamentally infinite. It's something for the most experienced of people and the OP doesn't fall in to that category in my opinion. Nor do I and nor do very many people