There is NO reason other than the haters that are keeping this from trading at $1500-$1700 right now.
To those who are worried about or bearish on Amazon's valuation... remember their EBITDA will likely be in excess of $15 billion for the 2017 fiscal year. That is a price to EBITDA of less than 35 for MARKET DOMINATION in e-commerce and the cloud, which are massive growth sectors and the future of our society. Every day the bigger picture becomes much more clear.
$1100 this week...$1500 end of year....$2000 by 2020....$3000? AMZN is unstoppable and will hit new highs for decades to come. The world NEEDS this stock et al to keep going up so they will. ZERO RISK!
1100 by EOY (conservative estimate)
AT THIS RATE OF MOVE, AMZN WILL HIT 1060 BY WEDNESDAY.
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...
If the Market made sense we'd all be filthy rich, play the momentum the hell with PE's.
This is sure going to hurt if AMZN misses profit expectations this week. A lot of optimism at the current levels. I am bullish on AMZN, but so is the rest of the world. Thats usually when the rug gets pulled out from under the average Joe investor. I see the stock going nowhere, but up long term, but a pullback is way overdue, if for no other reason than banking some profits. Made some nice profits off AMZN so far this year. I'm sitting this out until after earnings. Let the dust settle. This stock could swing 100 points in either direction depending on earnings. Good luck all. Go forth and prosper.
AMZN is making me a rich man!
Wow Wow Wow, nice Amazon. Thank You.
Top not even close... waaaay too many shorts that need to cover.
This stock is destroying America. America First! President Trump, please help save America and put Americans first. Show Bezos who is boss.
big2fail on mute. What an arhole.
was just reading analysis of Amazon incoming quarter. it has positive EPS and strong revenues. The author predicts that Amazon will beat earning in all fronts and the company will post a record number of revenues. Based on that the stock will reach 1100 after earnings. I'm thinking to buy it on the date of earning but I will not buy google on Monday because I feel they will miss
Nine years of central bank manipulation have created an endless summer of extreme panic euphoria. It's different this time!
FTC investigation just announced...
'I Still Believe in the Amazon World Domination Theory,' Jim Cramer Says
Amazon is almost unbeatable right now.
The problem with shorting, is that your losses to the upside are UNLIMITED.
Lots of shorts going bankrupt from AMZN after earnings. SAD!
CRAMMER JUST MORE FUEL ON AMZN.
It will be the same scenario as NFLX: miss on profit, and increase in revenues will send AMZN soaring 15% over two days.