$Amazon.com(AMZN)$ A great day for the techs coming up after Micron earnings yesterday. I have confidence that Amazon will move up towards 240 in about 6 months time, but the fact that S&P index hasn’t gone up 20% in two consecutive years like it is now (other than once during dot com, I read) makes me nervous. I will be looking to take half off the table for now, but will still be left with a significant Amazon position. Elsewhere, I am also bullish on SMCI $SUPER MICRO COMPUTER INC(SMCI)$ (purchased just above 400 after the Hindenburg report) but will take half off of it as well. Something or other always comes up and takes down S&P from its all time highs and who knows, tomorrow’s August CPI may do it. Cheers!
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