I guess we find out thursday how well the CFO can "manage" the number's to avoid any disappointment. I have to admit though in past qtrs. this dog has indeed managed to dodge the bullet of common sense where valuation & earning's are concerned.
Could it be that generous div. amzn sport's?
Or maybe the genious of constant cap ex spending, alway's promising bottom line result's in future year's-while current valuation's alway's remain sky high?
Maybe it's just the amzn cabal, those close nit institutional holder's that just can't bear to sell because they have faith in amzn's ability to scam, I mean manage earning's?
In the meantime we have a very nervous market, weakened consumer, sky high valuation , state sales tax's by year's end[according to sen. reid]& in raw number's a moderate short int. So far it look's like a levitation act the last couple month's. Even if earning's were to beat a few cent's why anybody other than a nervous short would chase at these level's on a pump is beyond me.
Some decent support look's to be down around 190 if she start's to crater. The problem is in this market invironment support area's can mean zip once the "MO" kick's in. Very high risk being long going into earning's IMHO!
180 is coming very soon, so the answer is yes of course it is resistant to gravity, being elevated the way it is is evidence enough to say that. The question of gravity proof is no and we will soon see the resistance give way to the acceleration of gravity. I think it wil hit 180 soon. Like the old timex is water resistant, sometimes it takes a while for the water to seep in or in the case of Amazon, emotions to give way to comman sense.
Bozo found a source of "unobtanium", so AMZN floats like a sky island in "the cloud" above Pandora, way above mortal stocks with rational PEs.The "unobtanium" (cloud fantasies etc.) is losing its potency.