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Thread: Amazon

  1. #37

    Default Re: Amazon

    Quote Originally Posted by tsptalk View Post
    I'm not sure I like that it is lagging today, but it seems to be at the bottom of the recent range. Of course if the range breakdown I will get stopped out.

    Filled at $3,169.0271
    Stopped out this morning at $2890.
    Tom
    Market Commentary | My Blog | TSP Talk Plus | |

    I am not a Registered Investment Advisor. Do your own due diligence.

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  3. #38

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    Default Re: Amazon

    Oversold here. Unless you think it won't be used for Christmas shopping, it's probably a good time to look for an entry on a multi-month trade here.

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  5. #39

    Default Re: Amazon

    Quote Originally Posted by tsptalk View Post
    Stopped out this morning at $2890.
    They saw me coming. If my stop was $2870, I'm still in.
    Tom
    Market Commentary | My Blog | TSP Talk Plus | |

    I am not a Registered Investment Advisor. Do your own due diligence.

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  7. #40

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    Default Re: Amazon

    Bezos just unloaded a couple billion worth of stock. Better to sell now than have the party he supports possibly get an extra 10% capital gains tax from him.

    amzn.JPG

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  9. #41

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    Default Re: Amazon

    As of August 16, 2020, Jeff Bezos held 54.5 million shares,

    Quote Originally Posted by Bullitt View Post
    Bezos just unloaded a couple billion worth of stock. Better to sell now than have the party he supports possibly get an extra 10% capital gains tax from him.

    amzn.JPG
    Weatherweenie's Account Talk
    Expected retirement date: November 2023

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  11. #42

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    Default Re: Amazon

    Looks like roughly $3B. So, just pocket cash for the holidays then?

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  13. #43

    Default Re: Amazon

    How much is CNN going for these days? Will $3B cover it?
    Tom
    Market Commentary | My Blog | TSP Talk Plus | |

    I am not a Registered Investment Advisor. Do your own due diligence.

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  15. #44

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    Default Re: Amazon

    Quote Originally Posted by tsptalk View Post
    How much is CNN going for these days? Will $3B cover it?
    Amazon News Network

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  17. #45

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    Default Re: Amazon

    Cramer unloaded some AMZN in his charitable trust.

    "We didn't get the top .... but we got over 3,000.... we got the double. We were being greedy and felt we had to sell some."
    https://www.thestreet.com/video/why-...e-amazon-stock

    I do think Bezos insider sales were significant. There's a lot of good news priced into Amazon and yes, it is the most profitable company in the history of the universe, but trees don't grow to the sky. The beauty of capitalism is other companies will adapt. Not saying this is the end by any means, but I am sure there is no such thing as a sure thing.


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  19. #46

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    Default Re: Amazon

    Another reason Bezos probably sold. He knew this was coming.

    Amazon’s days of playing both sides of the retail fence may be numbered. The European Union’s top antitrust authority issued charges Tuesday accusing the company of using nonpublic data it gathers from third-party sellers to unfairly compete against them.

    It also is looking into how Amazon distributes the “buy box”—which often determines who gets the sale—between its third-party sellers and its own goods. Amazon can—and most certainly will—dispute the charges, and a decision isn’t expected until sometime next year. U.S. lawmakers also are eyeing the company’s third-party business, though no formal action has been unveiled.
    https://www.wsj.com/articles/crashin...od=djemheard_t

    Truth of all this is, Amazon was allowed to operate at an unfair advantage online by not charging state taxes until a few years ago. By that time, the hooks were in.

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  21. #47

    Default Re: Amazon

    yeah, well, it's below all 46 Yahoo Finance analyst estimates; and a trailing P/E of 89; so "most profitable?" I don't think so. I would say I never used it but I did once, because I got a gift card from my sister. Never again. What is it they make? Oh, that's right. NOTHING!

    AMZN is so over as an investment; no more avoiding taxes, instead, say hello to the Federal Internet Sales Tax coming to your country soon! Let's make it say, 15% for starters? And the outcome of antitrust charges could dwarf that hit. It won't be only money....that company will be broken up (or broken apart).

    I will take a look at this dog when it's much lower, say under 2,500? Until then, anyone who owns it should sell the liven bejeezus out of it. The CEO did.

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