Global Macro Trading Journal

Quote from ralph00:

Amazon - they lose money on everything, but make up for it with volume. Might as well value the stock on "eyeballs" like those Internet co's of the late 90s.

http://seekingalpha.com/article/465111-amazondeal-does-it-again?source=kizur

:p
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Amazon is the eater of Best Buy:

http://www.startribune.com/business/144875875.html

AMZN is a good example of why we pay attention to charts -- not for crystal ball purposes, but to clarify and uncover high quality risk / reward setups.

To some degree AMZN is a cult stock populated with true believers. Ever since the powerful thrust 3/20 breakout, true believers have had the clear upper hand.
 
Quote from ammo:

i tnink amzn goes to 214 and then its done for awhile ,retest 194 area and see what happens ,unless we see one of those 25mill share days 1st
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No idea -- and no desire to forecast short-term movements that have nothing to do with probability-based inflection points
 
Frankly I'm yet to understand you guys AMZN short thesis. PE ratios usually are not important in these momentum tech type stocks
 
Quote from darkhorse:

Amazon is the eater of Best Buy:

http://www.startribune.com/business/144875875.html

AMZN is a good example of why we pay attention to charts -- not for crystal ball purposes, but to clarify and uncover high quality risk / reward setups.

To some degree AMZN is a cult stock populated with true believers. Ever since the powerful thrust 3/20 breakout, true believers have had the clear upper hand.
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Upper hands fade quickly. They had the upper hand last year until they didn't and the stock dumped 30% in a few weeks while the rest of the market screamed higher.
 
Quote from Daal:

Frankly I'm yet to understand you guys AMZN short thesis. PE ratios usually are not important in these momentum tech type stocks
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Stick to top-ticking TLT then.

PE ratio means about zero to my short thesis. P means everything, and the company makes little of it (and if revenue growth starts to show signs of slowing more, you might as well put a $60 handle on the stock).
 
Quote from ralph00:

Upper hands fade quickly. They had the upper hand last year until they didn't and the stock dumped 30% in a few weeks while the rest of the market screamed higher.
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Yep -- and when it happens, the charts will give a signal... if it happens too fast (which it usually doesn't), plenty of other opportunities out there
 
BTW, AMZN is not a momo stock. Shares have had a big month, yet still remain 20% below all-time high.

Stock is up just 13% Y/Y (with all the gain and more this month). It's hardly Netflix circa summer 2011.
 
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