But few brilliant people actual want to work/live in Detroit, if they have an alternative, speaking from experience of people I know who turned down the offers from Michigan.
Day 7: 268 deals. Only 68 have sold out(25 percent). Lousy for Black Friday. Way short of past years of 242 sold out. Target is beating them with better product selection.
I keep thinking of the Mel Brooks movie when I look at the income statements from AMZN. His character oversold the investors the musical Spring Time For Hitler with the hope that it would never turn a profit. When the musical did turn a profit, everyone got an unpleasant surprise. Seems similar to another situation.
Sentiment: Strong Sell
geegenjar: Are you aware that you can delete a post when you make a boo boo?? I should know; I have made more than my share.
Both have developed great on line stores and will be competition for Amazon. However Bezos is no dummy and saw it coming. That is why Amazon has become #1 in cloud service. The move to open a branch in Detroit was brilliant. The University of Michigan can supply brain power and the low cost of living in depressed Detroit will allow Amazon to pay somewhat lower wages. Amazon may never make a profit but Bezos will never run out of hype.
In the past 8 weeks AMZN has closed at a new all time weekly close 7 times. The one exception (11/13) it was down $17 from the previous week but only because the previous week (11/6) closed up $33 the week after the earnings announcement. Since 6/1/2015 AMZN has only closed the week down 5 times and most of those were under $20.
I shop on Amazon usually once a month but their prices are steadily increasing and they are no longer the best deal in town. I reviewed my past orders and prices were increased by a few percent to over 20 percent from my last order this year of that item. Beware and comparison shop as you will likely find a better deal elsewhere. My Amazon shopping will likely go down. This post is not bashing, just the honest truth. Check for yourselves. Do not be fooled by Black Friday promotions.
You do realize the market will close at 1PM today don't you? It looks very likely to close at $675 and you will lose your $6,800 unless you move quick to dump them.
hogsthes18ter- You are so right- no matter what the stock is the 50 is the key. It will correct at least to the 50. Every stock that is this extends has in the past. Unless you believe that this time is different you hit the nail on the head.
Time to burn them with their Federal Reserve Free Money. It's like Lucy and the football. Except Lucy is playing with free money from the Federal Reserve.
AMZN is 14% above the DMA. 50% above would be $890. Still AMZN should be due for at least a minor drop from $675 to maybe $640 or even $620. Still way above the 50 DMA at $594.
I rarely see situations like the one with AMZN right now.
Currently trading 50% ABOVE 50 DMA!!!
Sentiment: Strong Sell
Buy leap puts to insure your investment. They are expensive but, if you buy a high enough strike to cover the cost of the put, you can stop worrying about a sudden drop in price.
Soooo, they say buy, and hold until it hits 270? I guess I've been doing this all wrong the whole time. Topeka same thing. Initiate with a buy rating. $470 price target. Wow. I have absolutely no idea how to do this at all.