Amazon is Awesome

Wednesday, May 9, 2018

Thursday Market Craze


  • Another day another way to clear President Trump from allegations. Many things have begun to spur the market higher. 
  • Google had it's annual I/O developers conference at the beginning of the week where they announce new technology they will be producing. After such event, I have noticed that Alphabet (GOOGL) makes a strong run as it did yesterday. I thought it was a great time to buy a call when it was 1068. If you had, you could have quadrupled your money.
  • Wednesday appears to be a turn around day like Tuesday. Boeing was up early, down to 338 and after sputtering there for about an hour it took off. 
  • Unfortunately I sold out of my positions around 1pm. If I held another hour I would have more than doubled my profits. There was no turn back before 3pm on Wednesday.
  • Roku was beaten down just under 31 a share since there last earnings report where they gave poor guidance. They started running up on Monday and on Wednesday was up 4 by close. They moved up another dollar after reporting their earnings Wednesday afternoon. I expect Roku to hit 50 a share in the next month.
  • Sunrun (RUN) is my solar provider and they have moved up part of the energy run over the past few months. They continued higher after their earnings report Wednesday afternoon.
  • The biggest news that the market didn't like was Walmart (WMT) buying a 75% in Flipkart which is larger than Amazon in India which is the 2nd largest population in the world to China. This is the biggest and best news from all of the earnings reports. CNBC's Jim Crammer loves Apple and Apple is spending $100 billion dollars on Share buy backs which does not equal dollars to shareholders. The tax reform should be made to make companies better through acquisitions and mergers rather than share buy backs. I expect Walmart to double in value by December.

No comments:

Post a Comment

Profits Only, Please!!!

I have spent the last 2 years trying to figure this day trading with options thing out. I hit an ultimate low this past Tuesday and felt lo...