Business Standard

Why are we shorting Amazon stock again?

We could see the price of Amazon's stock drop below even $800 in the next few months

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Kapil Khandelwal
Preamble

In last quarter of 2016, (October 2016), our algorithms gave a strong signal to short sell the Amazon (NASDAQ:AMZN) stock. We correctly called the top at $844 on 5 October, 2016. (Read more

On 28 October, 2016, the Amazon stock corrected sharply by over 5% to close at $776. We were very categorical that the stock has risen and has peaked and would correct sharply. We were proven correct on our call to short Amazon stock. EquNev-K1t Capital Hedge Fund is a quant long-short hedge fund that operates on S&P 500 stocks. (Read more)

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