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.
Comment:
To the Moon!
I added a 130 put for Jan 2023.
I added a 130 put for Jan 2023.
Google Miss
After hours pump also impacted Amazon. I have a short position in play for earnings. hopefully no surprises.