Selling AMZN

[altcur]

I didn't have a whole lot of money in Amazon, but what little I did have I have cashed out. Even with the announcement that they have HBO movies for streaming, I think the real news is that there was a study that came out that says when states implement that those who buy from Amazon must pay sales tax, the sales at Amazon fall 10% in those states. I don't think it's going to be much longer before all states require Amazon to pay the state sales tax which means they are going to have a difficult time growing, at least over the next few years. Your thoughts?

[KTP]

My thoughts are I am not going to own a company with a PE of 500 that doesn't pay a dividend or even have that much growth anymore.

I will use them for shipments occasionally until they go bankrupt or raise prices to become profitable.