by lostmypeachshorting
My young c****kers, a lot of you bought some idiotic 4000c AMZN calls and have been taking a big Johnson up your ass ever since. Well, let me tell you – it’s far from over.
The pandemic created so much demand for online shopping that Amazon started building up warehouses left and right thinking they were taking over the planet and nothing could stop them. I assume some of their top managers are regards from this sub so they thought demand was going TO THE MOON FOREVER and approved every construction project that crossed their desks. The chicken are now coming home to roost.
www.bloomberg.com/news/articles/2022-05-21/amazon-aims-to-sublet-end-warehouse-leases-as-online-sales-cool
With the dawn of the era of free money, people are now living paycheck to paycheck and getting their bill-paying money behind Wendy’s. Inflation is hitting millions of Americans really hard and they no longer think about shopping on Amazon because the national average gas price is over $4 and some groceries have doubled or even tripled in price. Demand is collapsing very fast!
Apparently, they now have so much excess warehouse capacity that they don’t know what to do with it. Based on various sources, it is anywhere between 10 and 30 million sqft of vacuum with 4 walls. Amazon reps tried to play it cool and said that it’s an easy one – they’d just sublet it. But with rocketing inflation in almost everything, what dumbass will get into it?
Basically, Amazon is fuk and going to shave off another 50% soon along with the rest of the market.
Positions: 75% cash while on my knees behind a Wendy’s. See you there soon!
Disclaimer: This information is only for educational purposes. Do not make any investment decisions based on the information in this article. Do you own due diligence or consult your financial professional before making any investment decision.
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