Missing top line from some estimates by anal-ysts and ringing the bell on all other numbers, Bezos shows a newly minted conservative bent for the post XMAS time frame and gets a ten percent haircut bringing the stock back MONTHS in accretion.
It was overdone the bounce, it's overdone the trounce--the stock is clearly a $175 stock and as solid as Pepsico or MSFT.
For some it is richly priced, for most richly deserved.
Friday was the time to start collecting shares. You got a time machine and were able to go back a year or so to buy this stock.
Wolfe Wave formation has the balance point for the stock at 99.50.
The longer it takes to get back to that point, the lower the stock will go.
Even at 90$ the P/E is still 35 and the forward P/E 25 assuming guidance is met.
Other cloud companies and retailers that are growing are valued below that so is this 90$ level the 'richly deserved' price you're referring too or are you another HF manager dumping shares on a dooped public with their tax money dolled out by the Fed.