Amazon.com (symbol: amzn) is a big company that has been up a lot and has high P/E. These factors may scare some growth investors away but Amazon (I'll call it "amzn" from now on) has a lot of potential. Amzn may be a big company but it is a rapidly growing company. If you look at were it will be in ten years this stock looks incredibly cheap.

As the world becomes more tech savvy and more price oriented they will use amzn increasingly, in fact amzn is a major threat to some big booksellers and video game stores. Consumers don't always trust Ebay but on amzn fraud is rare and the consumers feel secure. In addition since amzn offers fixed prices and quick shipping consumers don't have to spend hours bidding and months waiting. Amzn has a lot of potential for growth and little chance for failure. This company is rapidly growing and shows no sign of stopping any time soon. Short Ebay and buy amzn. A long term play: this stock is sure to beat the S&P 500. Plus as an added bonous 10% of the floating shares were sold short, that will give this stock an extra boost.

disclosure: the author owns stock in amzn