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Hey Nerds: Blockchain

$AMZN Reports Q4 (Dec) earnings of $27.75 per share, this is NOT comparable to the S&P Capital IQ Consensus of $3.54; revenues rose 9.4% year/year to $137.41 bln vs the $137.63 bln S&P Capital IQ Consensus

The EPS number includes a pre-tax valuation gain of $11.8 bln related to its investment in Rivian Automotive (RIVN), which completed its IPO in November. We are not seeing a clean adjusted EPS number.
 
Yes I know EPS was a result of Rivian but the margin beat is significant. And at the end of the day the market can pick and choose which metrics to use to support the price action. And from what I've seen it's the margins that are making the headlines. This is all that matters of course.
 
slight guide down in terms of revs for next quarter but like you said, nobody cares because it was already baked in the depressed price
 
CH1 said:
slight guide down in terms of revs for next quarter but like you said, nobody cares because it was already baked in the depressed price
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I'm thinking of making a four figure purchase on Amazon for a bike trainer or some shit so that'll help them beat their lowered guidance.
 
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Preston said:
I'm thinking of making a four figure purchase on Amazon for a bike trainer or some shit so that'll help them beat their lowered guidance.
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AMZN fell from 3300 to 3100 on that data point....market was expecting a 5 figure purchase from you.
 
Volcanologist said:
why is this guy so horny for the economy to collapse anyway?
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Perma Bears. Most of them have some sort of economic thesis (100% dead wrong without fail. never trust a skilled market participant about macro, and never give an economist your money to invest...the two systems simply don't operate the same) that requires them to insist that the end is just around the corner. Old school gold bugs, new school crypto true believers, "every dollar is debt" evangelists, "fiat is a pyramid scheme" peddlers. 99% of these perma bears find themselves in those or similar ideological camps. Once in a while a Burry comes along (at least he was honestly autistic) and validates them (though never for the reasons they predict).
 
I do think the dude goes long quite a bit. And I think there's proven success there which I believe CH1 has confirmed. He's just a lot more vocal and uhhh... Apocalyptic in his bearish takes.
 
Holy shit. Just looked into him some more and he lost almost everything in 2009 because he kept shorting. He traded for his friend in 2008 and took his account from 350k to over 4m. In 2009 he sat through a 66% drawdown by June; lost around 2.5 million dollars. Yikes. That's brutal risk management, even if you truly are bearish.

Apparently he kept calling the top on the bounce every week. And the market kept rising and rising... He did the EXACT same thing with the covid dump. Didn't learn I guess!
 
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The GLD calls I bought about a year ago are nicely green.

Tech continues to be a mess without the "fed put"

A down open tomorrow might get me long for a trade
 
CH1 said:
The GLD calls I bought about a year ago are nicely green.

Tech continues to be a mess without the "fed put"

A down open tomorrow might get me long for a trade
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SAME!!!

I had to do a double-take. Granted I sold half already on a pop last year so these were free. But I already counted them out and all of a sudden they're up BIGLY?!?!?!

Also in SLV commons, SPY puts, SPXU and a stock by the name of CEA Industries, that is up 28% today. Almost all out of that one. Sold my SPXU as I sold my CEAD. I'm basically all cash in all but one account but in that one account today was the best day of the year and I don't think it's particularly close. Everything I own is bright green.
 
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