Just consider taking profits now

DRReality
2021-11-05

$Amazon.com(AMZN)$ Fundamentals tell us to look for a slide to the 2400-2900 range. Present, recent past, and future earnings cannot support a higher price. It takes a few weeks for big money to work a strategic change in portfolio makeup. Also sales need to be metered to avoid a sudden drop in value. Right now the uptrend is caused by hopeful small traders looking for a split, Rivian effect, hocus pocus trend analysis. rumors, superstition, etc. So far none of the share price trend is hooked to earnings which is where the rubber meets the road. Might want to consider taking profits now and getting back in at a lower price in a few weeks.$Rivian Automotive, Inc.(RIVN)$

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