Amazon stock falls as profit declines 77%Originally Posted by Sanlmar
Amazon posted a profit of $197 million for the quarter, a massive 77% drop from the $857 million profit it reported in the same period a year earlier.
Will be interesting to see if it drops huge next week or holds.
Was approximately 8 when i posted this, now as of today its hovering at about 5. They broadcated their first earnings report this morning and it was laughable. I believe it will go even lower tomorrow. Ive been riding it down for the past month with puts, and then i bought another set of August 6's before market close yesterday when the stock was rallying.
I didnt spend much just in case they somehow had good earnings but now im kicking myself for not buying more. Ill probably unload those tomorrow when it dips again.
This company will be either bankrupt or bought out in a matter of months.
Other than that ive been doing some QQQ and DIA puts since tuesday afternoon and they have paid off BIGTIME. Also bought a little LMT and RTN which often rally when global temsions rise.
Special place in my heart for Raytheon.
RTN is the great American stock.
Yuuuup!
Thank you sir!
I even got a small position in COL (Rockwell Collins)just a couple of days ago but i think i caught that one at the ass end of a run-up. Rumors are that UTX may buy them out. I probably should have let that one go but i was planning to just scalp a bit while it was rallying, but it leveled off on me. I may just unload it because im not sure what kind/how much more of a premium UTX would really pay if they did buy them out. Its already run up huge on the rumors.
How are people enjoying the tech selloff?
Thoughts on GEO?
Sanlmar, now that the world series is over are you getting back in this thread?
I'm still heavy into WEED and it's finally moving. Hopefully it continues to grow in 2018 when it is legalized in Canada.
Tesla -> I'm surprised you haven't posted about it falling 20%. Although I feel like 2 months from now it's back to normal and continuing to grow regardless of the bad news.
Amazon-> Started to look bleak but has moved on and is still crushing.
Anyone shorting has to be almost broke by now.
#whenwillitend
Ironically, I'm trading AAPL earnings call right now.
Popping. Just scalping
Just day-trading the momo. AMZN is my toy. Little TSLA. I have no insights and am not fighting the tape. No options at earnings or expiration which is a sign that I've been cautious.
I have some stuff going on that is distracting and I don't have much time. I get such a feeling of peace lately when I fire up my station.
Apple gonna be the first trillion dollar company. Just needs about 15%
Last edited by Sanlmar; 11-02-2017 at 01:45 PM.
Right smart & Entertaining
There is a story you're not telling
Sanlmar take a good look at my WEED
Has gone bonkers.
Need this to break 27.50. Of it breaks 27.50 we probably see 30.25. If it breaks 30.25 it will see it's all time high of 34.23. If it breaks that it's off to the races, as much as a REIT can be.Right smart & Entertaining
There is a story you're not telling
Remember they located in Boca *and* they have friends in the White House and AD office.
WEED has never been higher. Lol
mRight smart & Entertaining
There is a story you're not telling
Huge Mo-Mo fight At 26.99
This is how I loaded up for the coming oil bull market. All numbers are shares not dollars.
51k BGR
35K SND
10k CRC
81K GENGF
50 JAN 2019 $10 Calls CRC
40 DEC 15 $17 Naked Puts CRC
200 JAN 2020 $25 Calls ETE
Will either bust or make a couple million with these holdings.
I consider the CRC as owning 19k shares since I have those calls which are in the money and I'm assuming the $17's will be put to me, which was the plan when I sold them. CRC is the wildcard. If oil stays over $60 BRENT then it goes up bigly. If oil goes to $75+ and stays there for a year or two then CRC is most likely a $100 stock.
So, a little explanation would be helpful, why do you think oil is finally going to do something after the last 2 years of nothingness?! Also, ETE is still paying a nice dividend, why not buy it outright?
Weed was trying to keep pace with bitcoin touched 32 today.
Then someone pulled the rug out. Crashed to 25 now back in the 27's.
Because low prices cures low prices. With oil prices so low there has been no investment in new wells coupled with very high depletion rates in existing wells and you have an eventual problem. The eventual is now. Do you follow the inventory report? Down over 40 million barrels since October, when inventories usually increase. The world has an oil supply problem that is coming due very soon.So, a little explanation would be helpful, why do you think oil is finally going to do something after the last 2 years of nothingness?! Also, ETE is still paying a nice dividend, why not buy it outright?
Regarding ETE, I don't have the money to buy it outright and still own the other holdings. Those options cost me 20k.
Told you fuckers to get on in. SND closed above $10. CRC over $20. They'll be some pullbacks but this shit is going higher. Much higher.
My wife bought her first stock, "acb", a month or 2 back. It's a pot stock & has basically doubled her 5K since going from $6.74 to closing at $13.16 on Friday.
(•_•) ..
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Because low prices cures low prices. With oil prices so low there has been no investment in new wells coupled with very high depletion rates in existing wells and you have an eventual problem. The eventual is now. Do you follow the inventory report? Down over 40 million barrels since October, when inventories usually increase. The world has an oil supply problem that is coming due very soon.
Regarding ETE, I don't have the money to buy it outright and still own the other holdings. Those options cost me 20k.
They are about to open up the east coast to oil exploration. So, ...
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