5.06.2007

Go on, take the money and run

If you bought Amazon at $34 when I recommended it almost a year ago, you've done well. In December, with the stock up 16%, I said to stick with it.

Now AMZN is at $63 for a near-double in less than a year. I'm taking profits. I'll keep about 20% of my original position just for fun. With the market and the stock apparently priced for clear sailing ahead, I'll take some money off the table.

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