Here is my circular synergy between Amazon (AMZN) and GoPro (GPRO). (April 13, 2016)
Amazon ( NASDAQ:AMZN ), breaking out. This has been bumping up against 600.00 for a while. I’ve been talking about it in frustration a little bit like, “Hurry up and break through 600.00.” And the other FANG stocks, Facebook ( NASDAQ:FB), Netflix ( NASDAQ:NFLX ), Google ( NASDAQ:GOOGL ) or Alphabet as they call it, I still call it Google because it’s Google. Anyway, they’ve been pretty firm. Amazon ( NASDAQ:AMZN ) hasn’t really been participating until now. The company reports earning next week. My bet is unless we get some big market implosion, which I don’t think we’re going to have, my bet is that this stock keeps moving. I think it’s going to move up into earnings, the next week is going to be really strong. Who knows after that? You’ve seen it go both ways as far as which way it goes for earnings. Big up moves, big down moves, but prior to earnings this thing is starting to be on a tear here. It would not surprise me to see this moving up another 5-8 percent over the next several days.
So my suggestion is that you just stay long Amazon ( NASDAQ:AMZN ). Trade a position if you want to hold it over earnings. Ultimately start building a position now and have a low enough cost basis in it to where if the company disappoints and the stock winds up back down to where it was when you started, then you’re still okay. But don’t just load the boat in anticipation that earnings are going to be great. Just remember Jeff Bezos is trying to be rocket man so who knows if he is taking his eye off the ball or not. I hope not, because I’m actually waiting for a HERO camera to be delivered to me from Amazon ( NASDAQ:AMZN ). So that’s all I know about GoPro ( NASDAQ:GPRO ) and Amazon ( NASDAQ:AMZN ). And GoPro ( NASDAQ:GPRO ) by the way is another buy, but that’s for another day, well we’ll do it now. GoPro ( NASDAQ:GPRO ), volatility squeeze. Boom! You want to buy this too. So you use the money, think about it this way, you use the money that you’re making on this volatility pop to go to Amazon ( NASDAQ:AMZN ) and buy a Hero, I think the 3, the HERO3 Silver is the one to get; just giving you the heads up on that. So Amazon ( NASDAQ:AMZN ), long. GoPro ( NASDAQ:GPRO ), long. Profits go to Amazon ( NASDAQ:AMZN ), buy GoPro ( NASDAQ:GPRO ), now we’re in synergy.
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