All I know is that AMZN had a huge qtr. While fools were arging about the kindle, they became a super savvy retailer. They are demanding 15% additional margins from all their vendors (and are getting it) and their customer base and valume has growm massively this year as most retailer watch inventory closely. With growth retailers like ULTA and LULU trading at 3-8 times sales, AMZN looks like a bargain at these numbers
I really doubt. Market is more likely in seriously correction. Perhaps, most of fund managers want to cash out their positions for annual performance bonus now.
Regardless the big market Will go up or down. Some big money already left amazon. It will not come back soon if you pay attention to the trading activities in the last few days. Many bag holders will worry about its earning and next quarter projection. Any sign of bad news or slow growth could completely wipe out this year gains because the stock is just too much overvalued comparing to its peers. Keep in mind that amazon tax advantage is gone, more competition is coming and seriously.