Bought 10 1022.50 PUTS yesterday for 2.17, and sold 10.20 today minutes after market open. Not bad for $12k profit overnight :) But yes, this was gambling...
FTC investigation just announced...
Did anyone notice that AMZN was very volatile in the after market and down as much as $15 at one point. Nice to see it recovered and down only $3.70.
Here is reason Amazon is good short at current price. 1.> Their all primary businesses are under pressure.
Walmart start free 2 day shipping that likely hurt Amazon, Also all bring Black friday in July to go against Prime day & likely force bigger discount from Amazon. Every retailer now fighting and that's not good for Amazon for their main business. It's like Business is now so big and yet limited profit due to low margin that it now hurting Amazon badly. 2.> Their Hardware business under pressure as well. Recent 50% discount on Echo & 30% discount on dot show that they are under lot of pressure. 3.> Their Cloud business is under significant price pressure but Retailer like Walmart forcing many supplier not to use it.
Only things in their favor are Blind Trust from Investors & their very bad & unethical practice to use Capital Lease to inflate their Operation Cash Flow & Highlighting that as real achievement.
Gonna be another new high today. 🍻
Just bought top end LG highest rated 55 in TV (per Consumer Reports) on Amazon, saved $1000 ... 2 day delivery. And I shopped around big time. You guys are fools. AMZN is going to own the world. When will you believe, $1100, $1200, $1500, $2000? Govmint ain't doin' squat cuz consumers are winning. TS for Macy's, TGT, SEARS, etc. Dinosaurs.
AMZN aftermarket is dropping,1024? why?
News of upcoming split?
Going GREEN!!! The world will not allow and cannot afford AMZN stock to decline. $2000 soon!
Market near the Lows of the day, yet, the Fraud continues, Zero buyers, 100% Market Maker MANIPULATION
AMZN options expiration today- 7/21/2017
At least we are staying above $ 1020. Holding up nicely - at that moment.
Please run the price down on a bogus "watchdog" report. I need more for the portfolio under 1k.
Microsoft earnings & EBAY earnings seems big warning on Amazon earning. 1.> Microsoft has great Asure number but reason likely include Walmart and other retailer's push on their supplier not to use Amazon AWS that likely help. But major news is Gross margin is going down. This mean Amazon who still lead in pricing will have even lower margin. 2.>Ebay $ Sale value show trouble as well. Look like Online excitement is not as great as analyst expected. EBAY push more lately including advertising on TV and so this also really bad for Amazon.
I think Amazon will have hard time keeping excitement based on those result.
re: environment and Amazon being wasteful of energy and hard on the environment. Toothpaste, etc is not made at the local big box store or supermarket. It is manufactured and delivered to the store by truck. Bottom line: which is more wasteful? FedX/UPS delivering exactly what I need to my door while they are already in my neighborhood or me getting in my car and driving to multiple locations looking for what I need. PEOPLE: Think it all the way through when someone spouts garbage!
Quitting while your ahead is not the same as quitting...I've held 63 shares at $575 for almost two years now riding this unbelievable wave. It's never a question of if, but a question of when!!
The anti trust talk is starting to build. That will mean a stock price crash. $1000 today $700 tomorrow.