If ever there was a doubt that AMZN the stock is run by dark pools and hedge fund HFT machines, all you have to do is look at AMZN's trading behavior.
Over 80% of the volume in AMZN is between machines. And as such, AMZN often displays little true price discovery, bouncing wildly between .50 and $1.00 with wide bid/offers in between.
But the machines appear to be exiting, especially after last weeks attempt to break the old highs. Except they didn't. A classic failure at the top, even with AAPL the magnificent pushing new highs. Clear divergence.
Today at the close, AMZN displayed remarkable price discovery. Although volume is light, characteristic of a market top, transactions were occurring at tight bid offer spreads. Selling occurred all day, but at orderly levels. A sign that the machines took the day off. Or maybe more.
At the close, the machines got involved just for a moment. AMZN was trading tightly between 239.10 and 239.25. Then, without any real transactions, the close prints 239.55 -.82. A sign the machines want the stock as high as possible in the morning, so they can start distributing again.
Once the light volume is absorbed, AMZN will start to have gap down days. Then everybody will really start scratching their heads.
Sybs never doubted the bots and institutionz that own them (fidelity FMR, LLC) in amzn and in the mkts az a whole.... Markets are going to crash because:
They are near all time highs while at the same time never having been more hated
The highs have been created artificially by money changing robots stuffed with a fiat currency of by and for the 1% ers
We no longer have the revenue creating mfg to support and justify these fake levels... That mfg base has long since been sold... Wethcreating Steel mills have been replaced by wealth stripping casinos while we hemoraged jobs to the hard working yet theiving chinks....
Sybil for president...
"This turd has the most incredible run of any stock I have ever seen with a high PE and shi* margins."
Doesn't help realizing that after you got trapped shorting her.
Are you prepared to see her above 250?