Seeking Alpha
  • David White
    With tech doing worse than expected in Q3 earnings season, AMZN with its cloud component may get hit by this too.
    10/18/12
    Reply (12)
    • Christopher Wallace: I think you may have nailed it here. Reports on Monday. Verrrrrry tempted to short ahead of earnings.
      10/18/12
    • David White: I am already a little short. But I worry about the HFT/momentum traders' ability to spin bad news into good. Long term its a short at this
      10/18/12
    • David White: valuation, but I worry about betting on it short term. Who in their right mind would be buying it at a PE of 300+? It's a store!!
      10/18/12
    • Christopher Wallace: And a store with declining earnings at that! This mkt loves revenue growth. Someday that wil change and the bottom line will matter again.
      10/18/12
    • bdy: Yeah, hard to believe AMZN has much upside left but you never know. I don't trade based on my personal appeal for a company but I'd like to
      10/19/12
    • bdy: say that almost everything I've purchased in the last 5-6 months besides groceries has been from AMZN. Online shopping is great. If they
      10/19/12
    • bdy: raise guidance for next quarter could make it go up.
      10/19/12
    • David White: Yes, the HFT/momentum traders can make anything that even looks a bit positive go up. However, the guidance has been generally bad so far
      10/19/12
    • David White: in Q3 earnings season.
      10/19/12
    • bdy: true, Id go short but I'm leaning towards selling some bear put spreads to limit my risk though . I think AMZN is a good company with
      10/19/12
    • bdy: great management butstock is priced too high for my tastes
      10/19/12
    • David White: Agreed.
      10/22/12
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