Amazon.Com
By Steve Abraham on Jul 16, 2007
AMZN is a reader request. AMZN has been annointed by Jim Cramer as one of his four tech horsemen along with GOOG, RIMM, and AAPL. Personally, AMZN is the least favorite of the group. Technically, the stock looks good. Looks like its consolidating recent gains with bullish RSI and MACD indicators. However, the stock is trading at 55X 08 earnings. Considering that Apple trades at around 33X 08 earnings, it makes me wonder whether AMZN is worth the risk. There is risk here but there could also be big reward. 15% short float in Amazon. I just dont get the sense that Amazon is really doing anything to change the game like a Google or an Apple.
5 Responses to “Amazon.Com”
Nice AH move on AMZN, Looks like I got real lucky on this one.
AMZN is up huge today. I was off on this one big time.
Amazon is one of the greatest stock pics of our time. It’s moving upwards with no sign of worry. WIzetrade shows a strong projection.
Amazon, much like Google is one of the great stock pics. They started trading too much volume in May, so WIzetrade suggest to stop buying and begin selling, assuming you bought in at a cheap price.
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whoa, amazon not changing the game? they’re renting out every level of their infrastructure . their s3 and ec2 services are changing the way internet startups deploy their initial infrastructure. from a technical point of view, they’re doing way more infrastructure innovation than yahoo or google.
whether they’re worth the valuation is to be seen, but don’t be disillusioned by thinking amazon is just an ecommerce company … they’re doing a whole lot more.