Click the link and see how much instutional selling there is today. This stock is being so manupulated to let the instutions bail on this pig http://thomson.finance.lycos.com/lycos/iwatch/cgi-bin/iw_ticker?ticker=amzn READ IT AND WEAP LONGS
This is ugly, Longs don't get this and are still bullish of this POS.This stock is never going to come up at all.
Anyone who looks at the chart and knows how to read it can clearly see - - instiutions are buying on the dips. The "Strong Sell" posters on this board are paid per negative post buy short sellers. AMZN - will close higher - TODAY.
This is ridiculous - - - all that chart shows is that institutions are buying on the dips. Hence to old maxim holds true - - "buy low sell high". As opposed to your motto - sell low. AMZN is very cheap at a 25 P/E. Institutions own more of AMZN than any other web retailer in the market. Look at the chart of AMZN during 10/20/04 - 11/1/04 after AMZN reported 3 qtr earnings. It went down to $33 before rebounding to $40. AMZN will close higher - - - - TODAY.
For the 1000 time, amazon does not have a pe anywhere close to 25 unless you want to factor in a one time tax break every quarter