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[Burwood]

I can't slam Amazon too much given in my 20's, 1997-8 I purchased y first flat after a nice derivatives play on Amazon. I remember the underlying stock jump from $100 to $200 in 5 days.

However it's just a bit silly now. Amazon is the greatest company in reinventing itself and gives £1 coins away for 99p. It hasnt made a real profit in 20 years, has retained losses of billions. The markets it is in are not big enough to ever allow it to turn over 5X more than it currently does and that is because amazon is great for a tv or cheap nappies but no one uses them on big ticket items simply because their customer service is st.

The big jump today is mostly short covering

[gregf40]

Burwood said:

but no one uses them on big ticket items simply because their customer service is st.

Really?

I had a faulty Samsung S6 sent to me just over a month ago and the mail app kept crashing on it...I got on the live chat and without question they sent me a new one which arrived 12 hours later and emailed me a pre-paid returns label for the phone which was not working so I could drop it off at the Post Office (or Collect+ if I preferred).

In contrast, my son recently bought an iPhone 6 which was faulty from John Lewis online and it's taken 10 phones calls and 2 weeks to eventually get a refund.

The general consensus is that Amazon has pretty much the best customer service of any retailer.

[gregf40]

twinturboz said:

Mr Greg you must be a very happy man Amzn up $100, all it took was people to stop buying the fire phone

Let's just say the Agera R may be moving from the fantasy garage to the real one

[Burwood]

gregf40 said:

Burwood said:

but no one uses them on big ticket items simply because their customer service is st.

Really?

I had a faulty Samsung S6 sent to me just over a month ago and the mail app kept crashing on it...I got on the live chat and without question they sent me a new one which arrived 12 hours later and emailed me a pre-paid returns label for the phone which was not working so I could drop it off at the Post Office (or Collect+ if I preferred).

In contrast, my son recently bought an iPhone 6 which was faulty from John Lewis online and it's taken 10 phones calls and 2 weeks to eventually get a refund.

The general consensus is that Amazon has pretty much the best customer service of any retailer.

except Greg try asking them for back up 1 day outside warranty. The best, really. John Lewis is the name you are looking for ;o)

[Burwood]

lololol- sorry Greg i cant help it- Amazon better than John Lewis. Every retailer has it's moments. But JL are the kings

[twinturboz]

Not having a bash against Amazon, Bezos knows how to play Wall St like a fiddle. Stock up $100 ok faded a bit now but just to put it into perspective, the profit they made in the quarter took Apple just 6 hours to make in their June quarter.

[Burwood]

twinturboz said:

Not having a bash against Amazon, Bezos knows how to play Wall St like a fiddle. Stock up $100 ok faded a bit now but just to put it into perspective, the profit they made in the quarter took Apple just 6 hours to make in their June quarter.

It's been a wet dream for management and senior staff-the hoodwink of the century. Amazon makes nothing, has negative cashflow and at current rates will take 1000 years to return the investment. The moment they slip up, and they will, the stock will halve

[gregf40]

Burwood said:

lololol- sorry Greg i cant help it- Amazon better than John Lewis. Every retailer has it's moments. But JL are the kings

I don't agree.

The returns process for faulty items for John Lewis is ridiculous compared to Amazon.

Amazon - Live Chat - Faulty Item - Instant Refund - Pre-Paid Return Shipping Label - Return within 30 days at your convenience.

John Lewis - Phone - Wait on hold - Explain problem - Put on hold - Return to the nearest store - No I want to post it back - OK we will get a courier to get it in 2 days - Wait for courier to collect item - Wait for courier to deliver item back - wait up to 10 days for them to check item and issue refund.

JL don't understand online retail.

I also find that whilst JL staff are generally knowledgable...if you want real answers you are going to get better ones on the Amazon product Q&A pages from actual product users.

What is so fantastic about JL?

[gregf40]

Burwood said:

The moment they slip up, and they will, the stock will halve

...back to where it was when you said you would go short on them at $300 in December?

Burwood said:

No offence gregg but as a play i would go short amazon and long babba . Ironically you mention other companies that make money and amazon doesn't. If you made some good cash early on good for yo but to suggest it's a winner is a bit tenuous

Edited by gregf40 on Friday 24th July 18:43

[Burwood]

gregf40 said:

Burwood said:

The moment they slip up, and they will, the stock will halve

...back to where it was when you said you would go short on them at $300 in December?

No offence gregg but as a play i would go short amazon and long babba . Ironically you mention other companies that make money and amazon doesn't. If you made some good cash early on good for yo but to suggest it's a winner is a bit tenuous

I never said I would short amazon (I dont short stocks)- but ironically that is what is driving it higher. I mean seriously Greg, you suggest you are a founding investor which is bullst and you dont hold stock you held in the 90's so not quite sure what your game is fella.

[Burwood]

gregf40 said:

Burwood said:

lololol- sorry Greg i cant help it- Amazon better than John Lewis. Every retailer has it's moments. But JL are the kings

I don't agree.

The returns process for faulty items for John Lewis is ridiculous compared to Amazon.

Amazon - Live Chat - Faulty Item - Instant Refund - Pre-Paid Return Shipping Label - Return within 30 days at your convenience.

John Lewis - Phone - Wait on hold - Explain problem - Put on hold - Return to the nearest store - No I want to post it back - OK we will get a courier to get it in 2 days - Wait for courier to collect item - Wait for courier to deliver item back - wait up to 10 days for them to check item and issue refund.

JL don't understand online retail.

I also find that whilst JL staff are generally knowledgable...if you want real answers you are going to get better ones on the Amazon product Q&A pages from actual product users.

What is so fantastic about JL?

I must be a good customer of JL then because if anything breaks i call them and they pick it up from my house and drop off a new one-even 2 years over warranty compared to Amazon where an electrical item shat itself 1 week after 12 months and amazon didnt want to know. Like i said, great for buying pound coins for 99p.

[gregf40]

Burwood said:

I never said I would short amazon (I dont short stocks)- but ironically that is what is driving it higher. I mean seriously Greg, you suggest you are a founding investor which is bullst and you dont hold stock you held in the 90's so not quite sure what your game is fella.

I quoted you - you said as a play you would go short on Amazon and long on Alibaba:

Burwood said:

No offence gregg but as a play i would go short amazon and long babba . Ironically you mention other companies that make money and amazon doesn't. If you made some good cash early on good for yo but to suggest it's a winner is a bit tenuous

And in the politest possible way...how the fk do you know what stocks I hold and when I bought them? I never said I was a founding investor - just an early one back in the 90's.

Not sure why you are taking it out on me just because you called it wrong?

Edited by gregf40 on Friday 24th July 18:57

[twinturboz]

Amazon really doesn't have a high short interest roughly 1.5% short, so this move wasn't purely down to short covering. Plus most have learned the hard way short Amazon, Netflix, Tesla into earnings and your seriously asking for trouble.

Simply put they surprised big time with a profit. Yes valuation might be stretched but in this market no one cares, I would think if they keep this earnings momentum, baring a market crash your more likely to see $700's than back to the $400's

[Burwood]

gregf40 said:

Burwood said:

I never said I would short amazon (I dont short stocks)- but ironically that is what is driving it higher. I mean seriously Greg, you suggest you are a founding investor which is bullst and you dont hold stock you held in the 90's so not quite sure what your game is fella.

I quoted you - you said as a play you would go short on Amazon and long on Alibaba:

Burwood said:

No offence gregg but as a play i would go short amazon and long babba . Ironically you mention other companies that make money and amazon doesn't. If you made some good cash early on good for yo but to suggest it's a winner is a bit tenuous

And in the politest possible way...how the fk do you know what stocks I hold and when I bought them? I never said I was a founding investor - just an early one back in the 90's.

Not sure why you are taking it out on me just because you called it wrong?

Edited by gregf40 on Friday 24th July 18:57

and holding for 18 years and counting- ok Greg whatever you say. And i never got it wrong, i only buy stock with real cashflow not imaginary, like Apple. $50 pre split ($4 at todays price).

And Greg if you dont like the comments then stop telling us all about it at every fkg opportunity.

[whoami]

gregf40 said:

JL don't understand online retail.

Never a truer word.

[Shnozz]

So the "multi-year" contract has in fact been withdrawn in less than a single year (with no talk of a breach of contract claim to compensate) and S&G's share price is plummeting now seemingly largely related to the acquisition of Quindell's legal services division.

http://www.lawgazette.co.uk/practice/slater-and-go...

[DonkeyApple]

Shnozz said:

So the "multi-year" contract has in fact been withdrawn in less than a single year (with no talk of a breach of contract claim to compensate) and S&G's share price is plummeting now seemingly largely related to the acquisition of Quindell's legal services division.

http://www.lawgazette.co.uk/practice/slater-and-go...

hardly matters now. All those who lost money will spend the rest of their lives blaming journalists for revealing the scam that they wanted to keep going for personal profit. Some investors may have even lost more on QPP than all their junk mining stocks combined.

[walm]

DonkeyApple said:

All those who lost money will spend the rest of their lives blaming journalists for revealing the scam that they wanted to keep going for personal profit.

I think that's a bit harsh!
Firstly, we're all in it for personal profit so that's hardly the crime of the century.
Secondly, I really don't think they believed it was a scam until the evidence was undeniable.
And in fairness the company did go the extra mile to attempt to pull the wool over everyone's eyes.

For reference - CEO SELLING stock, presented as him BUYING stock!! to mention merely one of the myriad of frankly astonishing array of shareholder-unfriendly behaviour.

[DonkeyApple]

walm said:

DonkeyApple said:

All those who lost money will spend the rest of their lives blaming journalists for revealing the scam that they wanted to keep going for personal profit.

I think that's a bit harsh!
Firstly, we're all in it for personal profit so that's hardly the crime of the century.
Secondly, I really don't think they believed it was a scam until the evidence was undeniable.
And in fairness the company did go the extra mile to attempt to pull the wool over everyone's eyes.

For reference - CEO SELLING stock, presented as him BUYING stock!! to mention merely one of the myriad of frankly astonishing array of shareholder-unfriendly behaviour.

I don't think it is harsh. It's always the same type of mug who goes ludicrously overweight in a stock and then because they can't handle the loss get all bent out of shape. And I'll bet my bottom dollar they are the same people still holding rubbish mining and oil stocks long after the commodity bubble burst and it was clear they were only going south.

[walm]

Right - another famous short-seller I have a lot of respect for: Citron.

They have found GoPro v2 or son-of-GoPro or whatever you want to call it. AMBA US. They make the video processing chips that go into GoPros. Up on drone potential. Likely (very likely) to halve when GoPro dual-source - which they will (IMHO).

Again, I have no affiliation and all I have done is read their one research note on it but this has ALL the hallmarks of a classic fabless semi one-product bubble stock.
I have seen an awful lot of these.

http://www.citronresearch.com/why-ambarella-will-t...