I had been wondering about AMZN's response to earnings. In the past few earnings, it hadn't run up in advance but jumped on the announcement. This time, it started to run up in advance, and I wondered of it would sell off "on the news." But since it's come back a bit, and since the market is likely not to be frothy before earnings, perhaps it will be another normal reaction.
It’s at new highs I’m not concerned at all, this q here they’ve added a ton of new fees and the next few quarters should be big. They do always guide cautiously and with fuel up a lot the last month that’s really my only concern bc they’re already conservative as is but I see it very hard for this to be under 220 by year end
As you can see in the charts above these rough patches take a little time to play out. Again I would worry less about those and focus on what names post Great prints and reactions this next month and just trade those
Well done! Very sensible post. Be cautious, but don't panic! It's like driving in the sunshine, and it suddenly starts to rain.
Ya and look after earnings we can see who the new PEAD candidates are for this q.
I had been wondering about AMZN's response to earnings. In the past few earnings, it hadn't run up in advance but jumped on the announcement. This time, it started to run up in advance, and I wondered of it would sell off "on the news." But since it's come back a bit, and since the market is likely not to be frothy before earnings, perhaps it will be another normal reaction.
It’s at new highs I’m not concerned at all, this q here they’ve added a ton of new fees and the next few quarters should be big. They do always guide cautiously and with fuel up a lot the last month that’s really my only concern bc they’re already conservative as is but I see it very hard for this to be under 220 by year end
What would you say is a short term call? Less then 6 months?
Thanks as always for the write up.
Ya I’d say 6 months or less
Thanks James! Been closing some short term positions based on your comments this week but wanted to make sure I had the right timeframe in mind.
As you can see in the charts above these rough patches take a little time to play out. Again I would worry less about those and focus on what names post Great prints and reactions this next month and just trade those