"Sharktooth" distribution chart followed by "Amazon Falls"?
the RLX or the S&P retail index was down big today....down 1.5%. Albeit its still near its multiyear high.
Commscore said on line sales up 13% which sounds good on the surface but since AMZN requires a 25% growth rate on top line...this is significantly less than the target. Plus the others WMT, TGT, and all the other retailers have much improved web sites so AMZN isn't gonna steal their market share as in the past.
forget the hype....Methinks that the xmass season is going to be weak for scamazon and its multifront war strategy.....did they ever hear of walmart/stalingrad?
AMZN dropped the price of Kindle Fire HD by $50 today. I believe they were already sold at cost.
Price fight with Google regarding clouds.
Price fight with Walmart regarding standard goods.
Price fight with Apple, Samsung, Barnes & Noble regarding tablets.
Tax fights with governments around the world.
But wait, there's more... I'm just waiting for a QE pump to really load up... Because that's when we will know that scam artists / predatory speculators and not institutional longs are behind the move...