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  • ling.chen ling.chen Jul 1, 2013 12:29 PM Flag

    Be careful AMZN is set up for big drop after ER

    Just looked at AMZN street estimates. It keeps going down. Now the estimates is only 6 cents with 15.75 B revenue for this Q. However, its stock price has gone up from $250 to $280 level. I smell some big guys are setting up traps now. They bid it up higher to get the put at lower price. Later on they can make big money from the puts. I expect after ER, AMZN will have big drop if it just meets or even beat 10 cents.

    Be careful your long position.

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