And here I used to think "ScAMaZoN" was an exaggeration, used only by angry shorts
But after this earnings fiasco one has to wonder. Even if someone wanted to go long AMZN there are no dips to buy, even on a huge earnings miss like this one. Mr Market refuses to give anyone a cheap price to buy this stock.
What worries me is how many (greater) fools will get roped into AMZN at these prices with all the analyst upgrades over $300. This is all eerily similiar to NFLX around $300 when every analyst and media outlet was pounding the table to buy the stock. That didn't end to well for Joe Retail. Ugh.