Wow, another wonderful day for the bulls on Wall Street.
Like yesterday, the market was struggling most of the day and once again boom.
I left Seattle @ 10:30am, walk in to my San Diego home, get on the PC and Wow, Amzn closes up another 1 1/2.
OK, whats changed? This morning I watched Amat's Ceo (Morgan) tell Cnbc that Asia once again (2nd qtr in a row) is, hurting his profits and revenues. When Cnbc asks him, if he would tell them when he see's the bottom of his market, he replies, sure, if you will tell me where the orders are because we are looking for them all over the world.
Did you see Amat's close?
Back to Amzn! I'm totally reavalueating my strategy and will post later my thoughts after I've had a beer and something to eat.
The one thing that I really caught my eye here, this afternoon was this Kramer comment.
< I am not sure
whether Amazon.com is the next Iomega (IOM:NYSE)
or the next unassailable franchise. >
What I want to get into later is, I never gave a minutes thought on, wether, Amzn could become a Franchise!!! I don't mean books, but could Amzn become a McDonalds technology franchise for selling on the internet??? If they could? I could become a Amzn bull, in a flash. |
