AMZN is a darling of wall street. I predict AMZN to hit $900 after earning today. Last chance of somehow getting into it. I predict the results will be stellar. We also have Black Friday sales ahead of us.
Indeed, I agree with you. These earnings turned out disappointing. But all expectations for the next quarter. It will bring stronger earnings to Amazon.
Add me to your followers and I will keep you posted . To put jokes aside, there is no way that wall street gives up on Amazon. They consider it as a buying opportunity and in less than a week it will hit 52 weeks high. You can still use my statement to fade it
AMZN is crawling back to its high as if nothing has happened. They added 16 fullfillment center and they are expanding. Mutual funds are buying. They are looking at least one year from now and see today as buying opportunity and retail investors if short will get their ass cooked. I was short 765 PUT for this Friday which will expire worthless and I will make money.
Anyway, AMZN still has a good long-term prognosis. This company is always looking for ways to increase the variety of products, to offer low prices and to improve services, such as delivery. Not every company is able to do so.