Wow… Not everyone has had a tough day- the Dow tanks over 200 points and Amazon (AMZN) is skyrocketing after hours! Amazon quarterly profit tripled on strong U.S. sales and analysts went nuts.   Awesome for those who hold the stock, but I can’t imagine being a buyer with a PE earlier today of 116… maybe closer to 90 when all is said and done. Still too high as far as I’m concerned. Should have been a buyer at last year’s lows- that was a key opportunity. But I’m happy to contribute to Amazon’s profits by shopping there. Good luck to those who are buying (or covering…the after hours price is up $14.35 while I write this… going up another $2 in the past 20 minutes… yikes!).
Sphere: Related ContentNo comment - Post a comment
« Hard Times for Subprime | Real Estate Market Challenges Continue »
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/gold/t24_au_en_usoz_2.gif)
