Another one that just looks tired is AMZN. I would fade any pops. COMCAST came out with a good number for online shopping, but AMZN just doesn't make the kind of profit yet. Right now the PE is over 3500!! Again, fiscal cliff time, this will sell off for taxes, like AAPL, which is a MUCH better company that actually makes HUGE profits. Little gap at about $240, where I would put Puts.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.