08-11-2008, 11:45 AM
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Join Date: May 2007
Location: D' burbs
Posts: 1,493
Rewards: 40
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Amzn
eyeing it this morning but didn't want to chase it after it ran a couple of points. Now I know why it's a monster today:
Citigroup said sales of Amazon.com Inc.'s (AMZN, $88.61, $8.10, 10.06%) Kindle appear much stronger than expected. Citi called the electronic reader "the iPod of the book world" and said it "could be one of the top 'gadget' gifts this holiday season." Amazon doesn't disclose Kindle sales, but Citi doubled its 2008 unit assumption to 380,000 and now sees Kindle-related revenue of $1 billion by 2010 - representing about 4% of Amazon's total revenue - up from previous estimates of between $400 million and $750 million.
Beautiful bullish flag on the short term chart. Just overlooked it. Ugh.
Last edited by Goods; 08-11-2008 at 11:46 AM.
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