In the context of a trade, as a opposed to a long-term investment:
I'm going to defer action on AMZN at this time. I'm not bearish, but I feel caution is warranted here. Don't see it as a compelling purchase price at $3100 Won't be surprised by a move higher or lower over the next three weeks. Anticipating good earnings numbers, but market might not reward that.
Just my $0.02
Believe I will have more conviction shortly after earnings.
Note
Did NFLX earnings ignite pre-earnings run for AMZN?
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