I bet AMZN will have a great Q1. BTW, earnings is on 23 Apr.
One thing I am wondering, though...
One thing that could negatively affect that is if COVID-19 becomes more prevalent within the warehouses, and they begin shutting down ops.
"Treat your wife with honor, respect, and understanding as you live together so that you can pray effectively as husband and wife." 1 Peter 3:7
Why else do you think they want to hire 100,000 new employees? If one warehouse goes down for corona virus, they just ship everybody to the hospital ship that Trump is moving into position (Trump is renting the ship USNS Comfort and USNS Mercy, each with 1,000 beds to Bezos for cash) and then he just sends a complete warehouse crew to go take over.
Bezos figures he can pay hospital ship rent, pay each worker an extra $2, work them all until they get the virus, lose 15% of each full warehouse crew to death, and still come out ahead $$ wise.
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James...with those off-the-cuff figures I am guessing you have a background in being either an accountant or an actuarial statistician. Now that I think about it, put those two careers into one person, send the person to law school, and I bet you would have an amazing divorce attorney
Amazon's chart seems to have made a bullish inverted head and shoulders. Now the question is whether it breaks out, as Inv. H&S's tend to do, or pullback to test the head again, as they sometimes do.
disclosure: I still own it.
Tom
Market Commentary | My Blog | TSP Talk Plus | |
I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.
Just disclosing that I sold AMZN just before the close today. Filled at $1,947.6435
I got the bounce I was hoping for and I like the chart but I wanted to be flat heading into Friday's jobs report and will hopefully (famous last words) buy on any pullbacks we get in the coming days / weeks.
Tom
Market Commentary | My Blog | TSP Talk Plus | |
I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.
I tell you what, AMZN looks ready to pop again.
Disclosure: I just bought it.
Last edited by tsptalk; 08-25-2020 at 10:05 AM. Reason: bought it
Tom
Market Commentary | My Blog | TSP Talk Plus | |
I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.
Apple is 53% above its 200-day EMA.
Crazy.
This is a trade, not long term investment. Such a nice chart formation. Looking for 3550- 3600 -- stop is a close (somewhere) below 3200.
Tom
Market Commentary | My Blog | TSP Talk Plus | |
I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.
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