I tend to agree with you about the blowout earnings, but not for the technical analysis that you mention. After Q3 results, estimates for amzn were Q4 2012 eps $0.52 on $23.5 bl in revenues. Now just before earnings, estimates have been revised significantly lower to $0.28 eps on revs of $22.27 bln. If you move the goal post significantly, you're bound to score.
Get outta here. 28 cents? What will they do with all that money? That makes it almost a dollar/share/year. In that case it should be a trillion dollar company.
WOW...28 cents...This is what you call an "all American Company"...apple should learn from them. For a matter of fact...all blue chip companies should learn from them.
Based on the stock price movement the last couple of weeks, I suspect they'll have blow out earnings as well. Insiders know what the earnings will be, why else would the stock move so much just before earnings?
Don't get distracted by the trading surrounding the Apple unwind. AWS price cuts, Kindle, sales tax, vigorous pricing competition, etc., etc. equates to a soft quarter with an EPS loss and quite possibly a revenue miss. There is no debate to be had. The sell off will be material and there will be no recovery bounce like past quarters.