For the last 3-months I have been telling a few folks, via e-mail, that Amazon shares will surpass $4,000 by the end of the year.
But, I had NOT foreseen today. What SANE person could have. This is irrational exuberance gone wild! Up 5% in a day. 5% in a day. I am NOT complaining — well, maybe a little. SMILE. Playing options get hard when you have crazy up days like this.
Yes, there is only one sane thing you can do. Chase it up. Yes, I also believe that AMZN will split before the end of the year. So, we might actually see AMZN hit $5,000 this year. Yes, $5,000.