Amazon is Awesome

Friday, April 27, 2018

Amazon to Splat!


  • Amazon ran up so far yesterday that it ran too far and went down today along with all of technology stocks. Google, Apple, Intel, Netflix,... everything went down after open. There was very little upwards movement, but the downward movement was not dramatic. Everything ran up with positive earnings this week made Friday a day to breathe. Even through earnings I have noticed that Google has shown resistance on Friday of each week where it has a nice move upwards. 
  • In political news, Trump appeared to be mending fences with Germany. He basically said that Iran needs to put up money to fight Isis and they are not allowed to be nuclear armed. The investigation of Russian involvement with Trump's presidential campaign ended with no proof of collusion as Trump stated before. Korea appears to be uniting. So all appears to be getting better in the world today. Surprisingly the stock market didn't appear to notice.
  • Everything went down before recovering to finish the day flat including Home Depot and Verizon. Good money could have been made buying calls at the early drop and selling about 30 minutes later.
  • After the market closed it was announced that the merger of Sprint and T-Mobile will be completed. Given the 2 worst reception cell phone companies are merging, their new name should be Splat. I thing that is a better name than Worst Mobil, Hopeful Mobil or Almost Good Enough Mobile. WTF (WiFi Telephone is Fine).

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