David White New AAPL 7" tablet at $329 is competition for AMZN's Kindle Fire (& Fire HD). This likely puts extra pressure on AMZN's margins.
10/23/12
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FortSumter: What margins? Can negative be a margin?
10/24/12
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Joel M: Ha! I'm staying away this quarter outside of a small strangle. AMZN will spin their way out. A lackluster Q4 is where this will breakdown.
10/24/12
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David White: It's already down more than 10% from its highs within the last month.
10/24/12
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Joel M: 10% is nothing when the options are expensive as they are - better risk/reward trades out there. Shorting LNKD ahead of earnings is my fav.
10/24/12
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David White: You can use spreads to reduce the costs, although they are a little trickier. This also keeps you from losing a lot of money on time value.