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CNBS says BTFD. Stocks are cheap, remember that.
I'm looking for stocks to get cheaper too before I'll start buying.
I'm no prophet, but I do like profit, and I'd dare say I'd add "a lot" to your cheaper, before I'd entertain buying into what may be the Japanese-esque 21 year/negative 88% (and counting) black hole.
Amazon has efficiencies and competitive advantages infinitely more plentiful than Brick & Mortar retailers and other online retailers, and even it misses.
I can hardly wait for the next CNBS anal-cyst to advise how this is the bottom, rather than a mere appetizer.
If Amazon is working off of these margins, Retail-geddon cometh.
Apple is now implementing a 'cut our prices' business model (officially) after seeing unit volume sales miss and 9% decline in same store sales, Amazon misses big, and NFLX loses nearly 1 million customers in a single quarter, and all I have to say is the MOMO crowd is going to relive 2008 with - leverage.
But the sell-siders will all rush onto CNBS & Bloomturd and excoriate the sheeple with cries of BTFD [aka "we really need you to buy at least some of our soon to be big time losers, because The Bernank & Geithner have their hands full with MBS & banking black holes, not to mention the plague of Black Death of looming EuroDebtapocalypse, and we are going to need to be as liquid as possible - please?"]
#saved-or-created-[fill in blank]-jobs
#saved-or-created-[fill in blank]-jobs
Bad Christmas season coming. Sounds like kids may get gifts, but I think this is season where adults settle for Xs and Os
Please please please let CMG be next.
PPT is doing a great job....we should have been down 2,000 Dow points on all these breakdowns.... WELL PLAYED Sir!
Please, please, please let BAC be next. And I'm not even short. It is simply time to flush that one.
i've noticed CMG has not been as crowded as of late. don't get me wrong. they are still slinging some serious burritos but volume has to be down.
Santa doesn't come to America since the stupid vermin elected the muslim.
No worries, the CNBS and sell side momos still have PCLN to ramp. If that fails, they can always cut to Phil "Go Unions" Lebeau to distract the lemmings with a pretty new Detriot built and middle class financed glossy red future recall p.o.s.
If that doesn't work then the next step is CNBS "directive #1"...unbutton the blouses and focus on rack.
Speaking of momos, I hope robo got out of netfix & amazon somewhere near the top, otherwise it has been a pretty rough ride lately...
You got it wrong. The true strength in Amazon is actually its brand name. All the tech stuff you mentioned is nothing, someone good at it can do that in a few months of time.
Amazon is now just another middleman, baby.
Nuh-uh. They're women, and they're on the moon....
Amazon wouldn't even have the .07% margin without the tax free advantage over retailers that have to pay for Amazons free ride .
#2 of the 5 horsemen of the stock market apocalypse. NFLX, AMZN, BIDU, PCLN and AAPL. The market's end is near.
another one bites the dust... @theback9 nailed it again http://hedge.ly/slrwMs
But, but, but, the CNBS momoconimists said that AMZN, FSLR, and NFLX would guarantee full employment by Q4 2011!?!?!?!
But, Bob Pissonme said this is just a bit of a rain shower in an otherwise bull market. Really, this is just the expected pull back after a great run up in the market, the economy is in good shape.
Can't you feel that wet spot running down your back, it is just rain!
Bezos giving Pissonme a golden shower
Cramer- buy buy buy buy................... Oh wait that was Netflix
Gotta love that operating margin at Amazon
Next year will be event better when CA buyers have to pay sale taxes.
I am Robofader and I went short @ the highs. I am the best
The only thing Robo is short is his ability to pick winners before the fact.
BTW Where is that POS MomoTard? Yesterday it was Netflix and today Amazon; two of his favorite bulltard calls. What a lousy POS conformist establishment pig is he! ZH readers kept pointing out the fundamentals of these companies and he scoffed. Well, Robo, what do you have to say now? Be a man! Let's hear your rationalization...
10 Billion, 20 Billion, it means nothing if you earn .14 cents. Freaking absurd.
It's easy if you give a $450 million spread on the next quarter....
Don't worry, they will pump this junk back up tomorrow. This is the darling stock for many idiots.
and BOOM goes the dynamite!
Bring on LNKD and CRM.
looking forward to (buying puts on) GRPN
Yep. Got some big puts on LNKD and CRM, two supreme shitbags with p/e at 400+.
I'd add VMware to your list. Not a complete shitbag, but you definitely do not want that P/E ratio in this environment...
LNKD currently at P/E of 1,238...
You know that it would be untrue
You know that I would be a liar
If I was to say to you
Girl, we couldn't get much higher
Come on baby light my Fire*
I'll stick my neck out and say that Kindle Fire will grab significant iPad market share, and the ramp up of volumes will be okay. Rebound in the cards.
catacl1sm, I'd be remiss to not give credit where credit is due (context nothwithstanding):
Amazon's going to follow NFLX. They'll likely soon respond with raising pricing for Amazon Prime which will lead to even more losses.
With a P/E of 100, they have a lot of room to fall.
Exactly, they are still at NFLX from three months ago levels in terms of PE. No reason to buy here.
I'm still waiting for the web2.0 bubble to pop.. Linkedin has a P/E over 1000! Christ. Then all those angel/VC seeded companies with poor business models, will go bust. DST (Digital Sky Technologies) will implode, and Silicon Valley will be ruined, from their bubble-mania (look @ the lofty valuations in secondary markets). That is the lesson for misallocating capital in such a grand scale. There is no free lunch. Bankers have failed to learn this lesson.
PCLN I'm looking at you
floats of PCLN, and LNKD are too small. I wouldn't short them, less a short squeeze wipes you out. But the drop in AMZ, and NFLX will put over-valued web companies on notice.
Shorting the likes of PCLN or LNKD is always a tricky proposition. Just ask Whitney. Worthless OTM puts are better than a margin call. With a P/E of 35, market cap of nearly $25 billion, and a book value of $2 billion, the flameout will be spectacular. Just like NFLX. Unless of course they continue to grow their revenue at a rate of 25-35% each year.
Check out Jan 2012 OTM PUTS. They go clear down to $90.
They didn't "fail" to learn it. They were protected from learning it by the insertion of hundreds of billions of dollars to cover the losses that such behavior brings. So they've learned the lesson they were taught: we do not need to fear losses as long as those losses are large enough; when large enough, the taxpayer will take the loss. Moral hazard, not incompetence.
Wow, AMZN tanks, ES doesn't even care.
What is ES? Thanx in advance.
He don't give a fuck about much, granted.
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