I thought this was just more Spam but this Chinese company looks like it could be the Chinese AMZN. One major difference is they have a much stronger Balance Sheet than AMZN did in their third year of operation and they have made a profit all three years. I don't trust Chinese bookkeeping but at 9 cents a share for a stock that sold for $2.00 last year I think I will take a chance. THANKS!!
Turned out pretty good. Bought for $2.50 yesterday and sold for $3.50 today. Usually it zooms up after I sell so AMZN may hit $328 today.
I caught some pretty nice gains with puts but, with strong support above $322, I decided to try calls today. So far it does not seem to have been a good idea.
The last half hour yesterday and the first twenty minutes this morning volume was amazingly low. The stock price was way down and I guess there were not many that wanted to sell their shares at that price. Then at 9:30 volume leaped to 18,000 shares per minute only to drop back to 9,000 shares per minute. Now that the stock price has gone up $3.00 volume has remained fairly normal at about 6,000 shares per minute. Why is this important? Because it indicates that $322 is a pretty strong support level.
Those institutions are not likely to sell as long as they can sell covered calls every day at a high price and buy them back at a low price. Most of the institutions have done this enough that they have more than recovered their original investment. Some of them only invested 5 or 10 bucks a share and have held it for 15 or 16 years.
Surely you jest. Bezos is at the top of the heap when it comes to marketing. However when you have a 500 P/E ratio in a company 16 years old with 128 billion in sales you can't expect the same result from adding a product as occurred in the past when Amazon was a start up.
It is not all that exciting when you are here. However, the stock price swings are sure not boring or predictable.
He may be a little over the top but there is wisdom there that is supported by facts. Maybe not the extent he is predicting but the trend is down and will resume once the Fire Phone hype is absorbed.
Even food stamps only has 46 million consumers and they are free. Amazon makes a 37% gross profit on sales. If profit per share triples next year, as predicted, the P/E will still be 168 and if G&A expense keeps growing at more than 20% per year, as it has the past three years, that tripling of profit may not happen. The stock price has got to get more in line with performance. AMZN is no longer a start up.
Don't believe anything that Al Gore says even if it has rhythm. Amazon is overpriced and must either move down a bit or start making a lot more profit. The price got to this level by the hype of a genius. Now it is time to perform.
You probably should wait until you get your Fire Phone before you try to make a call on it.
Maybe you should look at the chart http://finance.yahoo.com/echarts?s=AMZN+Interactive
It doesn't support your conclusion.
The cloud is where the income is. The phone is just a way to attract business.
There is a screw loose somewhere when you see a post like this on a company with a P/E over 500 that went from $7.60 to $86 in one year (April 98 to May 99) and is now going to make the greatest % gain ever. He must have flunked math in kindergarten and always thereafter to think AMZN is going to $3,700 a year from now.
Yes. It means that Amazon is selling more Fire Phones than any other phones. Not surprising since that is the phone that is being hyped by Amazon. It does not mean that Fire Phone is taking over the market. The Fire Phone will be offered by AT&T and then we will see how it compares with other phones on the market.
Hi Nemesis; Are you the same one that was here back in 1998 when I was losing my life's savings shorting AMZN? As for "soon under $300", we were there a month ago and I am reasonably confident that we will be again in another month.
That is all Bezos needed to get the price up to 335.55 for a few minutes and scare all of us shorts.