Amazon.com (AMZN) is up7% today and is just $2 bucks away from $70 a share. That’s $70 a share people for lovely Amazon.com. Yes the MP3 store is coming, which is going to be stellar, don’t get us wrong — but $70 a share stellar?
According to Zacks, only 5 of 16 analysts (31%) rank the stock with a “buy” rating. That’s because they can’t get over that Amazon is worth buying at these levels, and can you blame the guys?
It’s got to be a joke, or maybe we are stuck at February 2nd again, is it Groundhog Day? Again? No, it can’t be?!
I’m happy for all the Amazon investors out there and for Bezos, they deserve it, but cash in while the good times last.
The Short % of Float (as of 10-Apr-07) is only 15.90%, once that gets above 25%, look out below.
Also, if Bill Murray comes at you full speed in a pickup truck with Punxsutawney Phil at the wheel, its probably best to sell your AMZN shares.
Bank of America reiterated their Buy on Under Armour (NYSE:UA) saying the company could continue to exceed their 30-35% revenue forecast for the balance of 2007 given 1) a likely re-acceleration in women’s revenue growth to 30%-plus (following just 17% growth in 1Q07.
Notable Calls said today they think BAC’s comments may generate some buy interest. But do note that the stock has bounced considerably over the past couple of days and some important averages (namely the 200 EMA) are near.
UA shares are up 2% today and for our subscribers, you know Mastery is in full-effect mode.
Amazon.com (AMZN) is up7% today and is just $2 bucks away from $70 a share. That’s $70 a share people for lovely Amazon.com. Yes the MP3 store is coming, which is going to be stellar, don’t get us wrong — but $70 a share stellar?
According to Zacks, only 5 of 16 analysts (31%) rank the stock with a "buy" rating. That’s because they can’t get over that Amazon is worth buying at these levels, and can you blame the guys?
It’s got to be a joke, or maybe we are stuck at February 2nd again, is it Groundhog Day? Again? No, it can’t be?!
I’m happy for all the Amazon investors out there and for Bezos, they deserve it, but cash in while the good times last.The Short % of Float (as of 10-Apr-07) is only 15.90%, once that gets above 25%, look out below.
Also, if Bill Murray comes at you full speed in a pickup truck with Punxsutawney Phil at the wheel, its probably best to sell your AMZN shares.
Bank of America reiterated their Buy on Under Armour (NYSE:UA) saying the company could continue to exceed their 30-35% revenue forecast for the balance of 2007 given 1) a likely re-acceleration in women’s revenue growth to 30%-plus (following just 17% growth in 1Q07.
Notable Calls said today they think BAC’s comments may generate some buy interest. But do note that the stock has bounced considerably over the past couple of days and some important averages (namely the 200 EMA) are near.
UA shares are up 2% today and for our subscribers, you know Mastery is in full-effect mode.
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