Those "deals" are not selling because they are useless junkies!
With Targets offering terrific deals for large selection of IPads, Apple watch, etc, it has attracted huge crowds of the BIG spenders. So Target is where people shop for high-end, quality gifts while Amazon can only offer its ugly Kindles that no one cares, plus some other junkies! We got three Target gift cards totaling $400 last week which I have spent right back on Target online deals today!
Day 10: Cyber Monday- 315 deals. Measly 37 sold out ( 12 percent) the worst sell thru since Day 1. 64 items sold less than 10 percent and several selling 0 percent. They should have sold out 283 of the listings. Pitiful. Target is kicking their butt, the website went down several times today because of the huge traffic, I even bought a couple of items on their for the first time ever. Ebay is obviously doing great since Paypal almost went down this morning too.
AMZN make no money on selling goods on line. They make very little on the cloud. You don't get a 940 PE by making money. The cloud faces major competition and if they were making any real money it would show in earnings. In addition they claim to be dominating the cloud. If true they are awful at making money off it.
ok that makes sense . i think u will make money on this spread. most likely 700 call will
expire worthless an 680 should make u money. thanks for clarifying .
We are *BACK* *ON* *CRACK!* I wonder what the Federal Reserve did after the market closed to create the euphoria tonight?
AMZN is living off last years reality. It's over at a 900 plus PE it can't move up no matter how good their sales are. Problem is their salsas stink this year. They are heading south big time. Expenses thru the rood and finally they met their Waterloo. No one is lying down and taking there nonsense.
The King has fallen.