We signaled Amazon.com a sell the day after earnings. We expect AMZN to trade lower into the $60's as the technology market in general drops in August and September/08, STT
Amazon is a long-term LONG. It is pretty much the only 1st generation Internet company that's still doing its share of innovation. Kindle is ugly but is useful. Amazon Web Services has the chance to dominate in an explosive space. It is really amazing how Jeff Bezos can manage to do all of these. Afterall, he became a billionaire long ago and many other people ...
AMaZoN.com TOP PLAY SHORT @ 68.22 Shares of AMZN were/still are HEAVILY SHORTED in their current "Bear Market Enviroment. The stock going up from it's recent march 4, 2008 low of 61.20/61.23 (double bottom) was most likely in an effort to take out the 60.00 level that would almost surley create PANIC and FREE FALL to at least $57.59. AMZN's rise on Friday in ...
AMaZoN.com TOP PLAY SHORT @ 68.22 Shares of AMZN were/still are HEAVILY SHORTED in their current "Bear Market Enviroment. The stock going up from it's recent march 4, 2008 low of 61.20/61.23 (double bottom) was most likely in an effort to take out the 60.00 level that would almost surley create PANIC and FREE FALL to at least $57.59. AMZN's rise on Friday in a HORRIBLE...
Hi, a new blog entry explains why I'm currently shorting major tech stocks (GOOG, AMZN, AAPL, EBAY): http://shanehalloran.wordpress.com/2008/03/08/whooogle/ .
Is AMZN overpriced? At a P/E of 60+, I think it is. What does it do though? It sells books to people over the net. The barriers of entry in this sector tend not to be high, and anyone can set up an online business overnight and eat away at AMZN's market share.
Is it a good entry point for AMZN?
- I like the stock as a long-term hold. It's been down 10% for the past week or so.
Is it a good entry point for Amazon? Or are you guys not even
Upside Surprises
- Amazon.com (AMZN) is set to report earnings after the markets closes on Wednesday, April 23rd. Amazon is expected to earn $0.32 per share for its 1st q...