My latest pig. Its had a nice run off its lows. Picked up some ITM puts this A.M.
Of all the brick and mortar retailers Amazon will hurt, ...this is numbero uno. (Office Depot and Staples aside, they're already dead) Too much overhead, not enough traffic. And they went into the grocery business! Laughable. Who's gonna buy vegetables at Target? (unless they are in the store for other reasons and then its convenience) Between AMZN and Wally World... they will be back to below $70 soon enough.
Not to mention the controversy over their bathroom policy that is still generating negative press.
$76.50 as I type. Nice short over the AMZN earnings release. Oink!
Of all the brick and mortar retailers Amazon will hurt, ...this is numbero uno. (Office Depot and Staples aside, they're already dead) Too much overhead, not enough traffic. And they went into the grocery business! Laughable. Who's gonna buy vegetables at Target? (unless they are in the store for other reasons and then its convenience) Between AMZN and Wally World... they will be back to below $70 soon enough.
Not to mention the controversy over their bathroom policy that is still generating negative press.
$76.50 as I type. Nice short over the AMZN earnings release. Oink!
