What's up guys,
Have a look at AMZN's PE ratio. It is back above 300. With QT and the unfolding recession, people will be spending less. Therefore, AMZN profitability will decrease. The technicals are bearish, the fundamentals are bearish, I would not be buying this stock. If anything, I would be shorting it.
-YoungShkreli
Have a look at AMZN's PE ratio. It is back above 300. With QT and the unfolding recession, people will be spending less. Therefore, AMZN profitability will decrease. The technicals are bearish, the fundamentals are bearish, I would not be buying this stock. If anything, I would be shorting it.
-YoungShkreli
Note
Would short here again.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.