MMHWRWJ - I am not in this trade but from this angle it looks like we could finally see a 18% pullback on the big blue. This would definitely drag the stock market down.
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Below Fair Value: AMZN ($2356.95) is trading above estimated fair value ($2246.3)
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PE vs Industry: AMZN is poor value based on its PE Ratio (110.6x) compared to the Online Retail industry average (22.1x).
PE vs Market: AMZN is poor value based on its PE Ratio (110.6x) compared to the US market (14.6x).
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Earnings vs Savings Rate: AMZN's forecast earnings growth (37.9% per year) is above the savings rate (1.7%).
Earnings vs Market: AMZN's earnings (37.9% per year) are forecast to grow faster than the US market (20.5% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: AMZN's revenue (14.8% per year) is forecast to grow faster than the US market (8.7% per year).
High Growth Revenue: AMZN's revenue (14.8% per year) is forecast to grow slower than 20% per year.
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Earnings Trend: AMZN has become profitable over the past 5 years, growing earnings by 55.2% per year.
Accelerating Growth: AMZN's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: AMZN had negative earnings growth (-12%) over the past year, making it difficult to compare to the Online Retail industry average (-3%).
nice, with indexes showing a downtrend I like it, 61.8 level is 1950 so more than doable
Wahrlokk
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Ive watched Amazon close like a mole on arse for the past 6 months. I cant count how many time someone has said this stock will pull back...Or fall into the 1900's because there has been so many. Amzn follows zero rules of what people thinks it may do. Like you said...you'd have to be nuts to short this thing. It never stops doing it's thing.
Skinwah
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@Wahrlokk, This could just be the one. Haven't touched this bad boy for long time but now the time could be right.
Wahrlokk
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@Skinwah, lol just never know...I watched it drop 50 points last night, and here we are back at 2400 almost. It struggles at 2418 or so....If it breaks that ceiling we wont see 2300 again.....