Seeking Alpha
  • Philip Saglimbeni
    AMZN calls exploding, looking for $220-240 level to sell ; )
    3/27/12
    Reply (25)
    • Ricardo Espinosa: Wow what happened these 2 days with AMZN?
      3/27/12
    • J. A. Saglimbeni: Ah, Philip when we are on ...we are on!
      3/27/12
    • Philip Saglimbeni: Joseph, yes we are. And Richard, I'm not really sure what the news is behind it if there is any
      3/27/12
    • Philip Saglimbeni: but the volume and behavior of AMZN, added with the fact that I think most people are sleeping on the stock, suggests that it wants up . . .
      3/27/12
    • Philip Saglimbeni: I think it tags 220-240 within a few months, I am long the Oct. 255 calls
      3/27/12
    • Josh Krause: Who needs earnings, CRM, P, GRPN, AMZN, NFLX, ZNGA say that profits are not necessary for a successful business. Webvan agrees.
      3/27/12
    • Philip Saglimbeni: can't argue with the action in AMZN lately
      3/27/12
    • Husky Financial: window dressing
      3/27/12
    • Josh Krause: Dash for Trash at the end of the quarter, mirroring the beginning of the quarter. GRPN also flying up. Trash indeed.
      3/27/12
    • Philip Saglimbeni: window dressing currently yielding 100% profit, I'll take that, move is not over yet IMO
      3/27/12
    • Husky Financial: AMZN is one of my favorite companies on earth, but their stock... not so much. I can't figure out the metrics. Margins SUCK. they could sell
      3/27/12
    • Husky Financial: $100 billion of stuff and net a profit of $1bn? I'll put my money elsewhere. They are a momo w/ macro trend in their favor though.. going up
      3/27/12
    • Philip Saglimbeni: Husky, I am in complete agreement, I sold my shares at $180 in full honesty to move into AAPL and MA in December. I am fine just trading it
      3/27/12
    • Philip Saglimbeni: via options, wonderful company that will be around a while, but a wonderful investment? Too difficult to tell for me so I bailed . . .
      3/27/12
    • J. A. Saglimbeni: Hey...what company is king in retailing on the net? What company sells the most ebooks, What company has BEZOS!..AMAZON!
      3/27/12
    • Philip Saglimbeni: They are doing great things, slowly but surely their Prime service is beefing up, they publish now, they're in the cloud . . .
      3/27/12
    • Philip Saglimbeni: Bezos is crazy in what he wants to do, take over the world in my opinion haha, IF and when they can improve margins I will reconsider AMZN
      3/27/12
    • Husky Financial: I love MA as a long term play.Great name w/ macro trend (credit/debit) working in their favor.I am mad US govt got involved w/ their fee cap
      3/27/12
    • Husky Financial: And I love AMZN products and services, but the sad thing is that they make very little money on all of them! Kindle Fire is great but it
      3/27/12
    • Husky Financial: costs them almost $200 to make! Streaming movies is great but the content doesnt come cheap!
      3/27/12
    • Husky Financial: They need to find a way to boost their margins. I mean, they can only go up from here but they havent proven they can do that yet
      3/27/12
    • J. A. Saglimbeni: Husky.....I am long MA...and agree with you about the government intrusion.
      3/27/12
    • Philip Saglimbeni: haha, the margin pressure hurts AMZN and kills the competition, Bezos has said he doesn't mind flirting with red ink but at some point it
      3/27/12
    • Philip Saglimbeni: has to change, why not out money into MA with 30-40% margins was my thinking
      3/27/12
    • Husky Financial: Read up on my man Ludwig von Mises... free market! Government intervention only causes malinvestment and confuses entrepreneurs
      3/27/12