NFLX is a preview of the reaction function for tech earnings this quarter
multiples stretched on low earnings volatility and sky high expectations, and no buyers to step in
there is always opportunity in the market if you just look
for instance, AMZN stock down on prime day sales down -14% in the first "7 hours" is an obvious buy
they are running the sale for longer this year
96 hours vs 48 hours last year
sales can be down -50% yoy each hour…
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