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Trade Alert: Trimming some Amazon

May 10, 2016 by Cody Willard

Stocks have had a chance to catch the breath here with a small pullback and grind after two months of straight up rally action. I’m finding some interesting valuations in some high potential Revolution Investing type stocks, so stay tuned for those.

In the latest Cody Underground podcast, I interview the one and only Todd Harrison of Minyanville about his view of this stock market, including how the stock market used to “rhyme,” his favorite stock and who he’s (not) voting for. I’m thrilled to officially welcome trailblazer, my old friend and a huge influence on my career, @ToddHarrison to Scutify Scuttles! Everybody can now see Todd posting in the Scutify Scuttles Network on Scutify.com, the Scutify apps and even on the Minyanville.com homepage.

As for me, I’m not terribly bullish or bearish about the near-term direction for the market and that probably means that it remains a stock picker’s market.

$AMZN has rallied more than $200 or nearly 50% since we bought those call options at the bottom in early February! Too bad we didn’t hold them all! Amazing move and it’s probably time to trim some of our core Amazon holdings on the endless rally move higher.

The stock is up 3% plus today, partly on this news: “Amazon Video Direct, will make the uploaded videos available to rent or own, to view free with ads, or be packaged together and offered as an add-on subscription.

Amazon will pay content creators 50 percent of the revenue earned from rental receipts or sale of the videos, according to the company’s license agreement. For ad-supported videos, the creators will get half of the net ad receipts.”

Consumers don’t need to do anything to get Amazon Video Direct other than use Amazon Video. But it’s a pretty compelling new platform to sign up for “Amazon Video Direct” for, as their site puts it, “content creators and visual storytellers wanting to reach millions of Amazon Video customers.”

I’m going to sell 1/10th of my Amazon common stock today while the stock is over $700 a share.

Stay vigilant, stay objective, stay cool. See you next week.

Related posts:

Trade Alert: Be cool, maybe cover a little bit
Trade Alert: A new Wearables/IoT/Tech Revolution name
The hardest trade to make right now is... (and Trade Alert: Trimming CPB)
Trade Alert: Investing In The New Republic Note
Trade Alert - Selling two stocks and noting the markets new path of least resistance
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Filed Under: Trade Alert

Disclosure: At the time of publication, the firm in which Willard is a partner and/or Mr. Willard had positions in some of the stocks mentioned above although positions can change at any time and without notice.

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This does not constitute an offer to sell, a solicitation of an offer to buy, or a recommendation of any security or cryptocurrency or token any other product or service by Cody Willard or any other third party. Furthermore, nothing in this is intended to provide tax, legal, or investment advice and nothing in this should be construed as a recommendation to buy, sell, or hold any investment or security or cryptocurrency or token or to engage in any investment strategy or transaction. You are solely responsible for determining whether any investment, investment strategy, security or related transaction is appropriate for you based on your personal investment objectives, financial circumstances and risk tolerance. You should consult your business advisor, attorney, or tax and accounting advisor regarding your specific business, legal or tax situation.

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