So Amazon was looking quite bearish after the last earnings report. Services & Products both down heavily.
There hasn't really been a recovery and now that the growth has stalled I would expect that P/E of 59 to start dragging the company down.
Personally I see us dropping either the middle of this channel or bottom depending on the earnings.
If the earnings are bad enough we could dead-cat drop to low 90s.
This is really just some quick napkin thinking.
There hasn't really been a recovery and now that the growth has stalled I would expect that P/E of 59 to start dragging the company down.
Personally I see us dropping either the middle of this channel or bottom depending on the earnings.
If the earnings are bad enough we could dead-cat drop to low 90s.
This is really just some quick napkin thinking.
Note
Microsoft MissGoogle Miss
After hours pump also impacted Amazon. I have a short position in play for earnings. hopefully no surprises.
Note
To the Moon!I added a 130 put for Jan 2023.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.