While we're on the topic of stocks, take a look at a historical chart of Amazon.com (AMZN). After breaking to all-time highs following its recent earnings report, the stock hasn't looked back and has pretty much gone vertical. The steepness of the increase in Amazon.com's share price since last November definitely brings back memories of its rise during the late 90s Internet bubble. Hopefully the memories of its subsequent fall don't reappear as well.
P/E of 77, what could possibly go wrong?
Posted by: --- | November 17, 2009 at 05:17 PM
It just gave a sell signal on the daily chart, so I expect it to be a little lower over the next few days. Longer term, nobody knows, as the Kindle is expected to do well in the holiday shopping season.
But it is worth noting that eBay gave a sell signal today as well. Could this be Internet sector related? But there are many other stocks that are still at a Buy.
time123
P.S. I get my timing signals at http://invetrics.com
Posted by: time123 | November 17, 2009 at 10:04 PM
whats the forward PE ?
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Posted by: written term papers | December 16, 2009 at 01:52 AM
Yes this chart show use that amazon have bad situation maybe bubble.
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