23Apr/080
Amazon and Apple Earnings
Amazon and Apple are releasing their first quarter 2008 earnings report after the bell tonight. By the looks of today's action, it seems that most investors are confident about their earnings. It is hard to tell whether Apple will do fine because they missed last quarter and their stock price declined around 40 points. It is better to decide after earnings.
If the earnings turns out to be good, then it would be a great idea to short it due to the recent runup. If it is bad, you can always buy back at lower price later. Amazon on the other hand, is not doing too well because of the overall Web market. I don't think Amazon will make it this time because no one will want to shop online in this state of economy.