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amazon.com: how the heck did we emerge out of the dot com crash jungle and become such a large etailer?
Earnings don't matter. Price up your POMO SPY CALLS NOW!!!
Wild action after hrs.
Chipotle taking off, Leggett & Platt going SPLAT!
What a casino.
It never happens at earnings season
Shorted AMZN at the close will cover ASAP tomorrow before they can pump and prime. This was a no brainer call. That's two misses in a row.
if you're so worried, why not cover right now?
rather a dull earnings evening i'd say
Here's one! RCKY Shoes! Big beats rock
This market is worse than a casino. At least there you get free drinks from attractive ladies.
Never seen a market as broken as this.
Just gonna keep my gold and silver and chill.
And at least you have better odds at a casino, too...
These three companies "all beat" as you stated. That would tell us that perhaps the economy is not falling off a cliff. Consumers continue to spend money - lots of it apparently.
So I ask again, if everything is so terrible, how is it earnings from retailers like AMZN and AAPL continue to make gobs of money?
and ask why do we need QE2 while you're at it harry
We've been getting QE for quite some time with POMO. QE2, when based upon economic data and retail earnings, is not needed. Now for political reasons, that's a whole different ball game and that's why it's on the table.
The Fed is independent from congress and not swayed by political decisions. Didn't you follow how hard they fought to keep from being audited because it would interfere with their independence. Do you seriously think the Fed would be swayed by congress for political gain?
The Fed just wants to keep those in congress not to audit them. Once that is established, they keep their power. Play the game in the proper fashion.
Just because a few companies are making money does not mean the whole economy is doing well. I mean, open your lens a little wider... beyond the top three fad stocks of the year. At least you didn't mention NFLX.
BusinessWeek 10/11/10 cover story on AMZN headwinds for those who missed it. Two very cool dudes.
"In the Gouldsboro warehouse, robots do the heavy lifting..."
...so they are using the Wall St. biz model?
How? BS accounting and vendor financing..wake up Juan Williams.
But flash drives rule! Short Carbonite.
I don't know... why would the economy be doing terrible when the only companies that are making any money have truely mindboggling profit/employee ratios due to automation and/or outsourcing?
It's almost like there are no jobs, but somehow the spending is the same. But if that were true we would be seeing lots of bankruptcies and forclosures - and those are at record lows right ;)
But seriously, you can make gobs of money if you can scale up without increasing headcount, and that's where it's at right now.
seriously? are you really going to make a bullish case based on the "beat the number" game? revise and beat, low-ball and beat.
i bet over 50% of companies beat their numbers during the recession. oh look here, your tell for a bullish market AAPL and AMZN both beat their numbers throughout the ENTIRE recession, yet the stock market lost 58% and both stocks got hammered.
i let a lot of your nonsense go, but this one must be called out.
i can attest to yes consumers are spending. my sister gets a delivery a day from amazon, doesn't have time to shop brick and mortar so AMAZON works. they have everything, even rubber duckies.
Beating expectations is such a proxy for the economy. They are _expectations_. The "beat" alone is a meaningless indicator. Just how much of a neophyte are you?
Harry, for all the "beats" (however manufactured they may be) please explain why the market isn't EXPLODING higher. You had every excuse for a solid move higher today and..... ?
And, again, I will ask you.... if you really believe we continue "marching higher" why did you sell your AAPL position?
POMO and TOMO also create "liquidity rebates" to the PDs/repo counterparties, right? Is the fed going hifreq?
Why don't you stop your f##king whining? Seriously.
When you signed up for capitalism, did you not get the idea that capitalism is a system designed to protect the interests of those with CAPITAL?
Are the people on ZH actually so deluded that they think THEMSELVES the "real" capitalists?
It's very simple, but let me remind you how it works in case you've forgotten: To the extent that you have access to capital - that is, credit-capital, not pieces of shiny rock buried in your back yard - you're a capitalist. To the extent you don't have access to capital, you're SOL.
You have talent? Who cares?
You have votes? Who cares?
"Can you monetize it?" - that's the only question that matters. To the extent you have access to capital, you can monetize. To the extent you don't, you can't.
"Oh but these stocks aren't really worth it. Oh, it's so wrong they're going up. Oh, I have the right answer and nobody's listening."
If you want to sell the stock, sell the stock. If people who have access to more money than you want to buy the stock, it's their money so shut up.
I know, somehow, in your minds, because of something Bernanke is doing, somehow magically "they" are trading with money that, again, somehow magically belongs to you in the alternate universe you imagine.
Bullshit. They have money and you don't and you don't like it.
Well, what the f##k are you going to do about it?
Yeah, go buy gold. That'll show 'em. God knows that with all their money they can't buy more gold than you.
Just grow up.
It's their market, you just trade in it. How the f##k did you THINK things worked?
Honestly? Who EVER told you it EVER worked another way? Where did you get your ideas about capitalism from? A comic book?
Wow, that was a bit...intemperate.
Looks like somebody was in a bit of a mood today.
Dufus was short LIVE.
Wheres our attorney/ spokesperson when you need him. Tyler?
"It's very simple, but let me remind you how it works in case you've forgotten: To the extent that you have access to capital - that is, credit-capital, not pieces of shiny rock buried in your back yard - you're a capitalist. To the extent you don't have access to capital, you're SOL. "
Yep, I'm not one of the Chosen Ones.
Sad but true Red.....
His wife just left him for a ZH guy.
Anyway, nice get visits from MSM shills. So was this one from WSJ, SEC...
Seems to me anybody that "bought a bunch of shiny rocks" 10 years ago and "burried in their backyard" has access to about 500% more "capital" than the idiots that kept their "capital" in the bank.
Going long wkly amzn calls tomorrow morning following the iv crush. pomo+amzn+weekly exps = win!
Personally, selling SNDK longs tomorrow. Why it got beat up this week is beyond me.
Like FDO, has always outperformed, but need cash to buy back in the next beat-down.
Dang, that was an SP error!
No. 1 ranked IBD Top 100 mo-mo screamer was pole-axed today.
Damn Chinee, can't spell boring...
"DOUBLING UP ON CHINA" - Mad Hedge Fund Trader, last night. :D
....kind of spooky that a Chinese company making corn based edible alcohol in China is an IBD favorite of favorites. Go figure. I wonder if you can eat it like a bag of Fritos.......it'll go great with legalized weed in CA.
REE was a whole lot of fun too. 5 day chart.
Cortez loves the McRib and gets packages daily from Amazon.
Amazon gross sales of 7.56B and profit of 231M. That is a margin of 3%. Without Kindle they would most certainly be losing money. Talk about a bad business model.
I think it's a great business model ... for the customer
Is Sandisk bankrupt yet? I hate that company
Why? Flash drives are great! It's the drivers that suck.
Little chinese girls in sweat shops can make flash drives.
Nyet. $5 billion in cash...all time record gross margin.
who cares about cash ? unless its ploughed into equities ...
All rhetoric aside, who can provide an argument (not even your own, just some sell-side bullshit) for AMZN's 60+ P/E? It's a mature company. The audience for reading books on an expensive little Kindle tablet that isn't anywhere near an iPad (gasp) in functionality is a small, tech-elitist group. The rest of us buy used paperbacks or go to the library. Commenters here shit on Apple, but it's a thing of wonder compared to Amazon. Does a person buy long-dated puts on Amazon and just wait for the market to get real? I was going to look into short-dated ones before the earnings, but I... forgot. Probably wasn't much to be made with a small earnings sell-off and an IV collapse.
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