Amzn traded to 264 when nobody knew how good this christmas season ended up being, 25-35% average everyday for Amzn better then last year, this is huge, amzn plan to to take ebay auction sales, huge, kindle sales and content huge, the mm's can take this sucker to 295, 300 right now, they are taking all the shares from people leaving a lot of money on the table as well as selling some worthless puts and grabbing some shorts for a monster squeeze, by the way Amzn wants to break 264 real bad and is way overdue for a ten or 13 point up day! Anybody selling here is stupid or needed to lock in capital gains,
AMZN just moved up 34 points over the last 17 trading sessions on nothing. Any possible piece of upside good news is baked in. Good luck with hoping for more, as the fundamental, economic and technical winds are now blowing against them in a very big way. The only hope longs have left is that there are more fools to pile on the ponzi.