Amazon is up 8% today because FANG. I’m serious. No one wants to miss the dip the way they did on Facebook so they’re buying Amazon ahead of earnings this afternoon.
Amazon is less than 10% off record highs from about a month ago. I love this company so much I could write adult fan fiction novels about Amazon’s business model. Not even I would buy Amazon here.
The stock could do anything tonight. Expectations are huge and Bezos literally does not care about earnings estimates at all. Throw in this rally and it’s a rough combination into news.
In January of 2014 Amazon missed by 20-cents and the stock fell 10%. That was 2 months after Amazon’s absurd 60 Minutes drone segment. (Note: Amazon will never have drones.) Shares fell more than 25%, total, and it barely counted as a blip by Amazon standards. You don’t need to chase this stock. It comes to you.
Excerpt from my coming book, “So you wanna buy Amazon up 8% ahead of earnings”…
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Shit. Too late.
You were so right…
If you don’t buy, Jeff Bezos’ left eye will find you and eat you.
When does amzn start trading like a hundred billion dollar market cap company instead of like a company people expect to grow 10 fold in the next few years?
Answer would be NO. If someone MUST buy it, it would be in the morning and only if BoJ gives as QQE. As I repeat myself …BoJ is IMHO the Magical Market Moment tonight. I have been watching the USD/JPY all day and it is not giving any big direction on what Kuroda and the Boys will do. IMHO if BoJ does not give us QQE then AMZN will sell off even on good earnings (also that stupid FB too)..If they add massive QQE then everything will rally like it has over and over these past 7 years.
WOW THEY GOT CANNED
I read this article
I did not buy $AMZN
I checked $AMZN earnings after the fact
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Standing Ovation
Congratulations on your nomination for the good timing awards, Jeff.
brilliant call on this.
Nice one!!
Thanks, folks. Haven’t had time to go over the q yet but it sounds like we saved some money. That was be goal anyway.
Glad you liked the piece.
How would you like to be the person who said .. wtf.. and bought at yesterday’s close. Fear Of Missing Out is a widow maker.