Amazon.com Announces Third Quarter Sales up 34% to $43.7 Billion

Now it shows AMZN has matured and can provide earnings. So it should have a reasonable P/E like Walmart. It should not be treated as a speculative stock so the stock should actually go down.
 
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Some big institutions are selling and retail investors are buying. Not good. Very good result but does not justify this pop.
 
Check out this chart. It shows the earning estimate and their actual earnings. I believe this quarter estimate was analysts mistake. If you look at the previous quarter earnings this quarter was reasonable and not that great.
AMZN earning.GIF
 
Let's say they make $4 per share each year (which is much more than they make now). With a P/E of 200 !! , it should be worth $800. What is going on ?
 
hajimow said:
Let's say they make $4 per share each year (which is much more than they make now). With a P/E of 200 !! , it should be worth $800. What is going on ?
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Haji Haji Haji.... ya gotta look at whats goin on.
In the last 20 minutes they walked it from $1043 to $1053 on 15K shares.
It trades 3 million shares/day.
Do ya really think thats a valid move?
Its all smoke and mirrors bro.
You are 100% right on the valuation... but trading is a game.
Its there for the taking..... its not whats right... its whats going on in the game.
 
vanzandt said:
Haji Haji Haji.... ya gotta look at whats goin on.
In the last 20 minutes they walked it from $1043 to $1053 on 15K shares.
It trades 3 million shares/day.
Do ya really think thats a valid move?
Its all smoke and mirrors bro.
You are 100% right on the valuation... but trading is a game.
Its there for the taking..... its not whats right... its whats going on in the game.
More...
I do not disagree with you. I am just writing what is going on which does not make sense and I am not surprised by that. These things says that we will see the opposite very soon. If you look at the estimate chart that I posted, for last year the estimate was 80 cents per share that AMZN missed the estimate and their earning was about 55 cents. This year the earning is also 52 cents. Well ..... Let's celebrate till the party is on :)
 
Wasn't someone on the board promoting shorting the 980 straddle going into earnings? Ballsy move - but another earnings surprise that could blow out an account.
 
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