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Why bearish on BABA? Chinese stocks need to rally
As the big hitters are taking profits for the quarter it would be an opportune time for Alphabet to be buying some stock back as the price has corrected over 8% from its highs. It would help accomplish an increase in EPS for the 3rd quarter coming up at the end of October.
Average cost around $100 and thinking about building from this price point
Retail sales are going up, consumers keep spending which is good for Amzon.
I am very bullish on Amazon but likely it will be red this and all next week.
Nasdaq almost under 13k!!! Down over 3500 from high 3 years ago