I saw that too on Seeking Alpha. One person commented that they had a similar warning in their 10k last year but I got the impression that they did not say anything about changing the IT system and adding more financial personnel.
Not buying this with my money.
That fat slob got real lazy over the years or just became a huge liar or always was one.
He's in at what price? I believe well above here but not substantiated.
It looked that way for a while but they pulled the plug late and closed it a few dollars off the high.
The action seemed strange today but it is a Friday and it is this stock.
I think about 25 or so came with the acquisition but clearly they have been ramping, the opposite of what many of the old tech and some other older companies are doing where they are buying back their stock at highs in many cases and having some layoffs.
I'll be pretty busy this weekend but hopefully will take a good look at the annual report over the next week or so.
I don't know what the number sold will be but should they miss the 9,500 (I believe was their estimate), you can bet they will make up a few tall tales about no demand issues, x,xxx car pushed out a quarter.
If you listened to the last call or two you know the list. Perhaps they'll come up with a few more stories. as it is 9,500 is a whopping 17.3% of the full year 55k projection which they stated will be very back end loaded.
I think they'll breakout their AWS revenues and select information to make the sell side crooks oooooo and ahhhhhhhhhhhhh.
They will only share whatever is positive. If they do share some select profitability information you can bet costs are buried elsewhere.
This is how they roll.
You will not get to the current share price in a typical bottoms up analysis. I notice some of the MOMO pulls have come out with articles where they break up the stock's business and value them as sum of the parts.
Crazy stuff like 8-10 times AWS 1-2 year out revenues even though they have no idea on profitability.
Hey, tangible book is about $7.4B if I remember correctly. Start there and get very creative.
Excuse me with that but there have been a few outright stalkers on some of these boards.
Of course the market could still rip but in the short term it will be based on P/E expansion while earnings are declining year over year for the next few quarters.
I know this market has always been buy the dip but probably more like a more selective market and less MOMO to the moon although you never know.
Why are you posting using this handle today and you haven't in a very long time?
Do whatever you like.
We do know overall market estimates will be negative for the 1st quarter and it looks like the second quarter also and after that who knows.
Funny you pair those two together. What about all the days, even recently when they run counter the market?
Ah, sometimes it works the other way too in collusive MOMO trades.
True. It could break either way but those that gained on nonsense in Q1 may be exiting stage left, especially before the next report.
There are still plenty of smart traders on TV who give good ideas with reasoning but lots of sales people.
TV is the worst but provides a lot of contrarian information. Read articles from various sources and make up your own mind.
You just said it, insiders selling like crazy. Gamed stock as it's always been.
See if it bounces with the market tomorrow or perhaps sells off a little.
Did you ever notice that Briefing sometimes puts updates on this based on price levels? I venture to say more than any other stock. algos love those key technical levels.
It's a trading mechanism for people who tightly hold the float. Gun to their heads they only own it because they know it can be controlled and pushed up.
Quite obviously, fundies don't matter.