Discussion in 'Stocks' started by michaelscott, Jul 24, 2007.
Say it with me!!!!!!!! AMAZON!!! AMAZON!!! LOUDER!!! AMAZON!!!!!!!!
shorts to stupid to find their feet
Amazon Q2 Profits MORE THAN TRIPLE!!!
just curious perhaps one of you could shed some light on a couple things in their statements that would definitely make me think and i no longer trade stocks or options. i quote from an AP story
"Sales in the U.S. and Canada rose 38 percent to $1.6 billion. In the company's U.K., German, Japanese, French and Chinese sites, revenue increased 31 percent to $1.28 billion. Amazon said a weaker dollar helped improve sales slightly."
Since March of this year the USD buying power has lost about 14 + cents or 9% against the GBP.
9% down only improved sales slightly. how much is slightly? and what happens when the USD reverses, does that mean that the profits are going down "slightly"? if yes, then by how much?
Why did I buy calls later this afternoon in AAPL rather than AMZN. WHY GOD WHY
Im revising my price target on Amazon right here, right now!!! AMAZON ONE HUNDY!!! The only horsemen of tech that survived!
Short term price target one hundy!!! Long term two hundy!!!
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