Some people were convinced that Amazon was worthless. Had they held on waiting for it to become worthless, they would be cleaned out or faced numerous margin calls by now. Shorting also involves timing. How does one pick the top and the bottom? What if someone had shorted the stock when Blodget made his $400 call? What if someone had added to their short position as the stock fell and kept holding on past the bottom?
Shorting isn't easy. Your maximum gain is 100%, but your potential losses are limitless, just the opposite of going long. Of course, experienced traders can use options, but I don't think the OP I was responding to is one of those.
Clearly not worthless. At that point, clearly not worth $400.
Shorting isn't easy.
I agree, I wanted to short it at those nosebleed levels but was too scared.