>>>My point is, there was a VERY SUBSTANTIAL amount of "hard core" short interest BEFORE the last couple of days. Add in all the new arrivals and you get the ingredients for a squeeze play.<<<
Put options at the close of Tuesday (before earnings), had a very high premium already. [The implied volatility indicated about 75%, compared to 45% of days prior.]
>>> Also remember this last earnings report was not unexpected & not near as bad as it could have been. Regardless of what the CNBC "talking heads" are saying, I have been watching the tape -Inst. holders do not appear to be wholesale dumping.<<<
I don't think institutions are any smarter than we are. They just buy when they get new money and sell when they have to raise cash to pay for redemption.
In any case, institutions must have AMZN shares because AMZN is the number one e-tailer. Their decision making is as simple as that. They just buy number ones from all industries.
>>> I don't know about amzn being "rigged" geegenjar--But it sure has a way of defying gravity most of the time.<<<
My take of the market is that the whole thing is rigged, including every stock. Each stock has a sponser. The sponser is in charge of each move, up or down.