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.
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
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
http://www.cnbc.com/id/46575236 http://www.firstadopter.com/2012/03/amazon-com-amzn-is-the-secular-short-of-2012/
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.
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).
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.
ZH does non-subscribers (to Grant's) a favor and publishes (I don't know how they do it!) a recent piece of Jim Grant's. He was asked to come the the FRBNY and criticize them, which he did ... brilliantly. http://www.zerohedge.com/news/must-...es-fed-explains-why-gold-standard-best-option Read it while it's still up!