AMZN PE is over 531. 10 or less is a great buy. This is pure and simple hype. I will buy BABA on the open but quickly dump before it gets like AMZN; trumped up and nowhere else to go.
Funny you compare this to ZNGA. This IS ZNGA all over again. Worth nothing and ran up for no reason on the IPO. Candy Crush is old news and OUT. Move on.
How much of a beating is everyone going to take? This whole market is a scam. Trumpted up yes, but buyers still going crazy. I am mostly cash but played some only for quick gains. The economy sucks an so does the employment numbers but those too have been elevated to UNBELIEVABLE. Will this market ever correct? I truly believe the only reason many are in is because there is nowhere else to put your money for any type of return with interest rates on CD's at a little over 1%. Retirees need income and some type of return so they buy dividend paying stocks and stay put.
when they dumped their shares in Feb. at $8.46, in April at $9.45 and in May at $8.82. Wall street always says to watch what the insiders are doing. If they are buying; something is up. Selling-they know their earnings are going to be a miss and the stock will soon tank.
Send the link with the price target of $2.50. Of course you won't because there is no cut. This stalls out at 5.53 so not many willing to give up their shares.
pre market just changed again but I have seen this before. S will come back just as it has done in the past. This should shoot back up to $6.00 by Sept.
Then short it if you are so confident but get ready to line up for those food stamps. Just good humor; no trashing here.
Look what happened to S the last time it sold off. Shot right back up; I'm in. Seems to be stalling 5.53 so not many sellers willing let go. This is ready for a nice pop.
Here's another thing. They have been in business since 1899; I don't think they are going anywhere. They have 36,000 employees and if they need to cut expenses to fund this new offer to their customers they can always cut jobs just like John Deere just did. A 21 billion market cap is hard to ignore and S at under $6.00 is a "for sure" bet.
I am not short-never shorted any shares of any stock. Just stating the facts. I have owned S in the past and always watch for a good entry but they just shot themselves in the foot today.