Green Tuesday before Prime Wednesday for Amazon (AMZN) (July 14, 2015)
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I want to look at Amazon ( NASDAQ:AMZN ) again.They’re having their, I guess you could say it’s” Black Wednesday” but it’s really not, it’s “Prime” Wednesday. Tomorrow, if you’re a “Prime” member, and I am, you get all kinds of online deals at amazon.com and probably free shipping too.
The stock’s been moving up, I talked about this yesterday. I think it still has further to go, I’m just telling you because I’m sure at some magical moment in time they’ll report how great or not so great the results were on this. The company doesn’t report earnings until July 23rd. That would be a week from this Thursday, so you’ve got seven trading days; starting tomorrow you’ve got seven trading days for the stock to continue to move.
I’m not saying that it’s going to go higher every single day, but I’m not saying that it’s not either. I think Amazon ( NASDAQ:AMZN ) works. You look at Wal-Mart ( NYSE:WMT ), which had some snippy things to say about Amazon ( NASDAQ:AMZN ), how they’re going to give a bunch of good deals on walmart.com, sure, yes, let me go there. Okay, well I did, thank you very much. They’re going to give some great deals on walmart.com and you don’t have to be a member.
Okay, well thank you very much, I am a member so I’ll just get all my stuff on Amazon ( NASDAQ:AMZN ), I can get more of it there. Anyway, just be long Amazon ( NASDAQ:AMZN ). What it’s going to do in response to earnings is anybody’s bet but my bet is between now and when the company reports the stock is going to be substantially higher than it is right now. I could be wrong, but that’s the way I’m playing it.
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