wow...the markets are running on vapors...the institutions are gearing up for the next bear market...there are no true forward looking indicators that show anything but demise of corporate profits, yet here we are surging north. Elvis has left the building and santa is going to give you coal early. Next week will be ugly imho for the long side of things. I'm down 50 cents on my short position...no worries, I have time, rationale thinking, and reality on my side. No cocky full steam ahead and to hell with fundamentals attitude backing me! GL
And that is when the fall begins .. at about $260 as I posted yesterday. Since it could not hold under $248.80 today, the charge to $260 looks real. Shorts will get blown out and the drop to $221 begins. So maybe another 3-4% of upside left before the fall.
as with anythingin these markets, we shall see. I certainly can't flat out and red faced argue you are off your rocker, but I see the tide turning next week, not just for amzn, but for the markets in general.. They are too wishy washy to be this bullish for too long. Cheers!