Why bother? There a far better companies to put your money into! AMZN is not share holder friendly at all!!
Again, i think we are tired of the same Short Narrative! We get it about the current situation, but............What about in the next few months??
I am trading for the future. Not what is happening now! At any rate, the numbers mean nothing without context. Ppl get blown away with the 9.6 mill pump daily pump rate and the 450 million inventory. The other numbers they are not understanding are that We use 19+ million a day and 450 million is nothing!! Only about a month!. I KNOW there will not be the replacement oil in a few months so i don't care about 4 weeks from now really.
Could be...Even a blind man can see less and less inventory builds. Rigs are down 50%yoy and WE know this will be reflected in 4- 6 months starting from last November..CapEX is being GREATLY reduced for future oil. The OIL short trade is way too crowded! And we all know what happens when everyone expects something in this market right?