AMZN Earnings Play

I have a feeling that tech stocks need a correction of a few percent... this is getting to be ridiculous

 

The odds that I will bail before earnings have jumped dramatically...this thing is up ridiculously.

 

I would buy amzn here. Looks like a leak. Don't be surprised to see them beat handily after hours.

 

i bought amzn call and put today..

lost in put..

overall made some little profit...

i cannot hold amazon... it seems to pricy and if they report in line earning which i guess they will stock will be up 5 or down 7 dollars...

 

Looks like it'll cross 100 before regular market close.

 

I see $78 AH. Just my sick gut feeling

 

$20 drop :eek:

no way...

 

I'm shorting rimm, say a prayer for me

 

Remember it was $88 just 2 days ago. Now it is up $10 before earnings. $20 drop for an extremely pumped stock is quite possible. Look at its high P/E. Any hint of slower growth will take a good chunk of its price. By the way $78 was just my gut feelings and it may not happen but it is not impossible.

 

if shipping was any indication UPS posted weaker us sales and strong international growth as the reason for the 3.7% growth. It also posted weaker guidance. Given that amzn already ran up 8% it might be a bit risky to buy in for earnings.