Stay away from shorting amazon until the pattern changes.
Always comes back after being down. Market makers manipulation.
Oh and the mutual funds that are holding amazon won't take partial profits.
Buy for long term!.
Buy for long term? How long is long term? This company can not seem to turn a profit. The excuse is always the same. Throwing money into innovation. Owning the next big retail idea. Etc. They CANNOT turn a profit. How long has it been, and last Q they earned a penny. Frankly, the pass that AMZN has gotten will someday come due in a balloon payment. When it does, this thing will dive big time. Am I short? No. Not yet. But I can't imagine there are too many traders out there who are simply blind to the reality that AMZN is a POS whose price (and your chance to make money) depends SOLELY on the next layer of buyers below you. No divs, no earnings, constant passes at ever ER.. When will this thing finally FALL ?
Amazon will fall when the marketmakers decide. Kind of like Rimm but Amazon is better company.
How can you make money at costs? Amazon Prime $79.00 year. Go to UPS for shipping and
you will see how much they charge.
It will fall when the market makers decide? Wait till the stock goes to about $190.00 per share
then short. It always better to let the other people want to short go first. Look at rimm. Took
a while, same will happen to Amazon. To many crazy ideas and turns. There not sure what
there focus is.
I think it probably has a healthy squeeze tomorrow. I suspect we close over 250. Fast Money recommended shorting it (with which I agree), but shortly after that it tanked, drew in retail shorts and trapped them...