WARNING: the BOGUS crisis in the PIG FARM known as Greece has ZERO negative impact on the USA and any BOGUS DIP contrived by the sleazy wall street club will be for purposes of SUCKERING amateur DUPES to buy gazillions of WORTHLESS PUTS in AMZN, Dow, and Nasdaq favorites!!!!!!
. . . "What was that spectacular drop in the general market that we saw this past Monday?"
The DOW will recoup everything lost on Monday tomorrow.
All companies use GAAP for their annual report. It is a requirement for being listed. The price of AMZN stock has nothing to do with the real world. Much like Gold, the value of AMZN is all in the heads of the buyers.
What about the non-GAAP accounting? Barrons says PE would be 1290 if the used GAAP ( generally accepted accounting practices) wheree they expense employee compensation, including options. instead of non-GAAP. have you read the Barrons cover story yet? Most companies use GAAP, including Intel, Apple etc.
My guess I that $500 is very likely when the Q-2 report points out the growth in the cloud application. Amazon is doing an outstanding job for their customers at the expense of their stockholders, and the stockholders love it.
Here's your best move-
"sell" all of your pretend calls now for a moderate loss before the last hour slump. Here are the following benefits:
1) Tomorrow, the trading character that you've created can still pretend to have money to "buy calls" with.
2) Pretending to book a loss on a trade once in a while will make your character appear more realistic.
3) You can take a break for the rest of the day instead of sitting around trying to figure out how to respond to the guy who is exposing your charade.
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