Tag Archives: GDP revision

A Gift From The Fed – AMZN

Don’t worry about the price difference it is already a incredible bargain so $5 is insignificant.  Besides I made $600 on a $1,060 investment selling a BZH call a few weeks ago. On Monday morning I closed a Put option on AMZN that tripled my $1,306 investment in 4 days.  Both of these are because I read your reports on these companies. 

You have a good website with quality info especially during these crazy times.  Thanks for the info.  –  research report testimonial

Note:  AMZN has already faded 9 points off its high of the day while the SPX has “powered” to highs of the day.

The Plunge Protection Team has given us a gift.  Many of you who read my research report have sent me emails about making a lot of money shorting AMZN and buying puts based on my Amazon dot Con report.  I responded by suggesting, especially the put buyers, to take some profits and roll them into further out and lower-strike puts.

Notwithstanding today’s bogus GDP revision in which the Government’s mathematically-challenged statisticians are attributing an increase in “economic wealth” to a massive build-up in auto, housing and electronics inventory that will go largely unsold, this bounce in the stock market is absolute gift to anyone looking to capitalize on stocks, like AMZN, that are more overvalued than at anytime in history.

Here’s my “swing trade” call on AMZN – click to enlarge:

Untitled You can purchase the research report that goes with this chart here:

AMAZON dot CON

When someone presents you with a “gift horse,” it’s a mistake to examine its teeth.