I am selling 30% of Amazon.com which somehow became my largest position over time - mostly because I took profits elsewhere over time. Technically its a 'breakout' but already in just 2 sessions is close to being overbought.
- Amazon.com Inc has approached media companies with a proposal for a subscription service that gives users unlimited access to some television shows and movies over the Internet in a bid to rival Netflix Inc, two people familiar with the talks said on Tuesday. The Seattle-based online retailer has approached media companies including Time Warner Inc, CBS Corp and Viacom Inc, these people say.
- An Amazon subscription service would likely be similar to Netflix's online streaming service which works in tandem with its DVD rental business.
Long Netflix, Amazon.com in fund; no personal position