In the context of a trade, as a opposed to a long-term investment:
I'm going to defer action on $AMZN at this time.
I'm not bearish, but I feel caution is warranted here.
Don't see it as a compelling purchase price at $3100
Won't be surprised by a move higher or lower over the next three weeks.
Anticipating good earnings numbers, but market might not reward that.
Just my $0.02
Believe I will have more conviction shortly after earnings.
I'm going to defer action on $AMZN at this time.
I'm not bearish, but I feel caution is warranted here.
Don't see it as a compelling purchase price at $3100
Won't be surprised by a move higher or lower over the next three weeks.
Anticipating good earnings numbers, but market might not reward that.
Just my $0.02
Believe I will have more conviction shortly after earnings.
Comment:
Did $NFLX earnings ignite pre-earnings run for $AMZN?
Comment:
$AMZN can easily leg out $3330 on this run
Comment:
There's the $3330, and I'm risk adverse $NDX now