Keep in mind there was an extra day this year and easter came early. Take the blinders off.
Great for you, but it have as easily dropped $100 and that is why it was such a huge gamble for what you did.
it will need to earn over 30 dollars a share to justify the price of today, so you are paying today what you hope the company will earn in 2025 or later, great way to gamble.
absolutely, people think the bubble of 2000 was only in internet companies that earned no money, the biggest bubble was in really good companies that earned a bundle like csco and microsoft and the rest of the four horseman(QUALCOMM and INTEL) just like the FANGs of today. Nothing wrong with those companies except they got way overpriced just like the FANGs are way way overpriced today. 15 years after the bubble burst and they still are no where near the lofty highs they reached in 2000, except for MSFT that came close recently (without adjusting for inflation).
This is not the kind of company you add to your IRA. what you need is a high dividend paying stock, and there are plenty out there paying 4 or 5 percent or more right now. There are hardly any shorts in this company, just traders that take it up to thr moon and then dump it down to the bottom. Think about it, what stock goes down 220 dollars and then goes up $180 dollars in only 3 months? Keep in mind it went up 160 dollars prior to any so called good news on earnings. Sell in may and go away is what comes next.
Actually the volume was extremely light for day after earnings the volume is usually around 15 million. as far as the price goes the stock is actually up around 20 dollars in the last 2 weeks, that is a dismal earnings move on a supposed huge beat a 3 percent move, the worst earnings move that amazon has had in over 2 years. For example in July the stock moved almost a 100 dollars after earnings and closed up over 40 dollars from the highest point prior to earnings a move of over 8 percent.
WOW! are you for real? The stock is priced as if this company is growing at over 30 percent a year and the reality is, it's growth no longer justify a 500 PE or even a 150 PE or even a 50 PE. At this growth rate it is worth about 30 PE. At 2016 30 PE the stock is worth about $145. Get real people. At 2017 30 PE (even thought the number will drop as 2017 gets closer) is worth about $258, and that's optimistic.
sorry, that was a typo but if you look at the bottom line you will see that. than you for pointing that out.
amazing to me that longs on amzn have nothing to say, they have no clue about finances and anybody that puts out the facts must be an evil short. WOW! what a low IQ. when you get out of the 3rd grade and learn how to do math you can come back to this board. I did not say anything about how they beat on revenue, what I pointed out if you were to do same store sales comparing apples to apples, the company's growth has slowed down.
Because nobody looks under the hood including the analysts. Anything above 680 is a great short just like I said 3 month and the stock dropped over 200 dollars from the high. It is up big after hours, but it is still about 10 dollars for a 90 dollar stock, not as big as it looks.
I see a similar action to july 2015, when amazon opened way high and by the close the gain was cut by 60 percent
Sales Q1 2015: 22.74 Q1 2016: 29.1 a gain of 6.36 billion dollars.
Q1 2016 had 1 extra day(leap year, Feb 29th) = 323 billion in sales.
Q1 2016 had Easter on mar. 27th = 1 to 1.5 billion(a quarter of what Christmas is) in sales stolen from Q2.
Favorable dollar exchange accounted for .4 billion. (they always talk it up when the dollar exchage hurts but not when it helps)
Total unusual sales of : 1.7 to 2.2 billion dollars.
Without these rare events that happen every few years sales would have been 26.9 to 27.4 billion, a gain of only 4.16 and 4.66 billion dollars or a gain of 18.3 percent to 20.49 percent, very much lower than the headline number.
And I am even taking into account the FBA accounting that I have covered in past posts.
You do know that it is not a real dividend, it is a 3 for 1 stock split and would have to pay tax on 2/3 of the so called dividend.