AMZN - Amazon.com Inc - Page 61

4th day of a strong rally for AMZN today

AMZN my old nemesis... how I hate you..

Coming off the top of the range today, -3%

Earnings report on the 25th?  Do you guys think they will have an Apple or Google type report?  Are Kindle Fires factored into these earnings?

A year ago they reported .51 EPS.  Street expects them at .24 this year (Quick look at CNBC Earnings Calendar).

10 point rip lower from 240 to 230 and getting a bounce here

Think I may get into a straddle on AMZN for earnings after the bell. Looking at the Nov 265's and 200's.

i went in with a vertical call spread oct 240/250. we shall see

#'s out yet? amzn tanking in ah... i'll chalk it up to a miss?

ed: oh ya way below est. wow eps .14 vs. .24 est.

wow at the EPS miss on AMZN 

Wow.  I thought Amazon was going to kill it.  I guess people are spending too much money on necessities that Amazon isn't a big part of.

EPS 0.14 vs. expected 0.24

• AMAZON.COM 3Q EPS 14C, EST. 24C                       
• AMAZON.COM 3Q REVENUE $10.88 BILLION VS EST. $10.95
• AMAZON.COM SEES 4Q SALES $16.45B-$18.65B, EST. $18.16B
• AMAZON.COM 3Q OPERATING MARGIN 0.7%
• AMAZON.COM sees 4Q operating income (loss) between $(200) million and $250 million, or between 142% decline and 47% decline compared with fourth quarter 2010

LOL epic failed..  I'm starting to see the correlation between major tech stocks like Amazon and netflix and the massive crash (drops) they had this quarter..  35% for netflix and 11% for amazon is a big deal for one day.. Its becoming cheaper and cheaper for me on a low low budget.

Quote:

Originally Posted by Spectre 

Think I may get into a straddle on AMZN for earnings after the bell. Looking at the Nov 265's and 200's.

I was kind of bummed I got into this at $3.85 for the puts and 2.35 for the calls. Thought I had over paid a bit on the put side, but looks like they will open up around $15-ish tomorrow based on the current price and I'll kill it.

300% gain...congrats

seems straddles on earnings of higher priced stocks have been the way to go recently......NFLX comes to mind.....

 

Quote:

Originally Posted by Spectre 

I was kind of bummed I got into this at $3.85 for the puts and 2.35 for the calls. Thought I had over paid a bit on the put side, but looks like they will open up around $15-ish tomorrow based on the current price and I'll kill it.

Amazon.com (AMZN) estimates, target cut at Oppenheimer. Shares of AMZN now seen reaching $255. Estimates also reduced, given lower expected margins. Outperform rating.

AMZN is going to retest 210-212 resistance before going lower.

Exactly why I picked up some calls around 205 today... just wish I had waited longer.  It actually held up later in the day pretty well and Op Ex tomorrow has max pain around 215.  I think 212 would work just fine!
 

Quote:

Originally Posted by revolution 

AMZN is going to retest 210-212 resistance before going lower.

AMZN bottom channel did not hold. my new trading plan doesn't let me enter trades without confirmation so i didn't lose any money.

Quote:

Originally Posted by revolution 

AMZN bottom channel did not hold. my new trading plan doesn't let me enter trades without confirmation so i didn't lose any money.

Kudos on sticking to your plan! No sense in wasting money...

Wow what's going on with AMZN? Nothing terribly crazy in news, unless I missed it. It's down ~3.5% today - I know markets are down, but fairly significant losses since the 16th... People don't like their new Kindle Fires (released on 15th)?

Looks like the Kindle Fire did not meet the street's expectations. The product still got good reviews from consumers and big gadget sites like CNET. Then again, all of tech is just tanking. AAPL, AMZN, SWKS, LRCX, AMAT, JDSU, MSFT, PCLN, VMW, EMC you name it; they're all taking a beating. There are a couple of standouts though - INTC and GOOG. Who knows how much of this move down was merely driven by Options Expiration, but there is one thing I do know, and that's that if tech continues to lag the broader markets, you're looking at a grim 2012/2013 as far as economic growth. The last time tech we saw such wide divergence between tech and the S&P, an economic recession ensued (8 months after). 

Word has it that AMZN may also be building a smart phone. Don't know how true it is though, and if it is true, I don't know how much market share they can control with so many players already in the industry. You also have to remember that part of the reason tech is selling off so much is partly because very few people are willing to pay up for any of these pricey company, especially if the company cannot deliver on margins.

Quote:

Originally Posted by BeerThirty 

Quote:

Kudos on sticking to your plan! No sense in wasting money...

 

Wow what's going on with AMZN? Nothing terribly crazy in news, unless I missed it. It's down ~3.5% today - I know markets are down, but fairly significant losses since the 16th... People don't like their new Kindle Fires (released on 15th)?

 

Quote:

Originally Posted by bigbull 

Looks like the Kindle Fire did not meet the street's expectations. The product still got good reviews from consumers and big gadget sites like CNET. Then again, all of tech is just tanking. AAPL, AMZN, SWKS, LRCX, AMAT, JDSU, MSFT, PCLN, VMW, EMC you name it; they're all taking a beating. There are a couple of standouts though - INTC and GOOG. Who knows how much of this move down was merely driven by Options Expiration, but there is one thing I do know, and that's that if tech continues to lag the broader markets, you're looking at a grim 2012/2013 as far as economic growth. The last time tech we saw such wide divergence between tech and the S&P, an economic recession ensued (8 months after). 

 

Word has it that AMZN may also be building a smart phone. Don't know how true it is though, and if it is true, I don't know how much market share they can control with so many players already in the industry. You also have to remember that part of the reason tech is selling off so much is partly because very few people are willing to pay up for any of these pricey company, especially if the company cannot deliver on margins.

 

 

 

Regarding the Kindle, a research firm came out stating that the components of the kindle fire are greater than that of the retail price, thus Amazon is losing money on each unit sold (on the actual device, so before any promotion/marketing is taken into account).  Although it's been pretty much one research firm that's piggy-backed this info since last week (IHS), it wouldn't surprise me if it was indeed a strategic move by Amazon to sell other products (apps and such) through this flagship product; looking more at the long-money game rather than quick profits on the launch.