Amazon up $120 today

A8K

Ball Boy
Oct 22, 2016
2,226
390
fuck.ir
Either they're propping the market for a Jan run or it's really doomed.. anything can spark it though as they could short sell and recover late January or so when the shit does really hit the fan.
 

A8K

Ball Boy
Oct 22, 2016
2,226
390
fuck.ir
Bear markets don't last. Always stay vested and add more during bear/down markets.
while one may be forced to hold position, adding to it can be moronic;
bear markets rarely provide suitable points of entry. This is because it is almost impossible to determine a bear market's bottom. Trying to recoup losses can be an uphill battle, unless investors are short sellers or use other strategies to make gains in falling markets. Between 1900 and 2015, there were 32 bear markets, averaging one every 3.5 years. The last bear market coincided with the global financial crisis occurring between October 2007 and March 2009, during which time the DJIA declined 54 percent during the period.
 

A8K

Ball Boy
Oct 22, 2016
2,226
390
fuck.ir
while you're hacking a chart ; Indian Government's New Regulations: A Massive Blow For Amazon

Indian Government has issued a policy document providing clarity on Foreign Direct Investment rules in e-commerce which prohibits foreign e-commerce companies from following an inventory based model in India.

Amazon never had permission to follow an inventory based model in India but was bypassing certain rules citing lack of clarity.

After Indian Government’s clarification there is no ambiguity.

Amazon will have to wind down sales from some of its bigger vendors like Cloudtail India which contributes over ~$1 bn in Gross Merchandise Value.

from 10k report, Amazon has mentioned its ownership of indirect interests in third-party Indian sellers in its risk factors.
 

A8K

Ball Boy
Oct 22, 2016
2,226
390
fuck.ir
Well the Amazon caller never showed up with the chart supporting its buy call , but many charts I have seen point toward $1200 area.

Russia has bought quarter of Yuan reserves, they're selling their dollar, wonder what the immediate effects on dollar might it cause.

https://www.bloomberg.com/news/arti...an-euro-holdings-as-it-dumped-dollars-in-2018

Russia’s central bank dumped $101 billion in U.S. holdings from its huge reserves, shifting into euros and yuan last spring amid a new round of U.S. sanctions.

https://www.bloomberg.com/news/arti...an-euro-holdings-as-it-dumped-dollars-in-2018
Yields were higher on the yuan holdings, at 3.2 percent versus 0.35 percent for dollar assets.

I am not up to date as how the sanctions is affecting Russia and dollar payments/dollar holdings as Putin claim dollar is not liking them.

I wonder who they buy this much Yuan from ? China most likely.