Long AMZN at 134.33 ??? Anyone

[murray t turtle]

Amzn p/e is 105.

Say revenue somehow grows 4x, you'd making 4% from actual earnings. B..... much?

%%
COULD look@ it that way, i'm not long or short that one.
I dont use subjective measures like bubble, over sold or overbought, fine if you do
YTD ,AMZN = up 59.98%/QLD= up 85.47% with about 4% AMZN.
ALL the big tech co tend to have HI /PE;
I'm not buyin' the whole co, so i also dont care about a high book value.
Lo pe tends to go lower, \DIA\DOW= underperformer.
I seldom do single stocks; i do like hi PE stocks in a good ETF.....

 

[Redneck]

Im pretty good at identifying set ups.

So is a 5 YO - don't believe me - print out a chart..., show it to any 5 YO - ask them which way price is moving

Traders know how to leverage said setups

You more like an analyst


Hunting this weekend - trust you didn't lie to me

RN

 

[Equities Lab]

Ehh, maybe. How long are you holding it for? When I gather everything on this thread, I get:

1. PE > 100
2. market cap > 100b
3. up at least 40% YTD
4. Had a day worse than 50% of its peers in technology.

When I backtest this for a weekly holding period, I see that when it strikes it looks good.

If you loosen the market cap restriction to 20b, you get more volatility, but much better results:

When I go back to 2000, I get nice performance when it finds anything:

So, yeah, I guess that is a good set up. But don't hold it too long (monthly rebalance chart below):

All the images were made with Equities Lab, which screens and backtests baskets of US equities. It has no intraday data, and can't therefore be used to plan day trading strategies. I'm a founder at Equities Lab, located at https://www.equitieslab.com. We use Morningstar data in our program.

 

[SunTrader]

Ehh, maybe. How long are you holding it for? When I gather everything on this thread, I get:

1. PE > 100
2. market cap > 100b
3. up at least 40% YTD
4. Had a day worse than 50% of its peers in technology.

When I backtest this for a weekly holding period, I see that when it strikes it looks good.
View attachment 322133
If you loosen the market cap restriction to 20b, you get more volatility, but much better results:
View attachment 322134
When I go back to 2000, I get nice performance when it finds anything:
View attachment 322135
So, yeah, I guess that is a good set up. But don't hold it too long (monthly rebalance chart below):
View attachment 322136

All the images were made with Equities Lab, which screens and backtests baskets of US equities. It has no intraday data, and can't therefore be used to plan day trading strategies. I'm a founder at Equities Lab, located at https://www.equitieslab.com. We use Morningstar data in our program.

Unless you are a sponsor (doesn't appear that you are), commercial self-serving links are not allowed. Read forum terms of use.

 

[Equities Lab]

Sorry about that -- I'll omit the link next time!