Believe all you want, longs. The fact is being printed on the chart!
The fact has been printed since the second trading session after the earnings announcement. All the CNBC and those analysts told you how great this non-profit organization called AMZN was and how much momo this piece of junk was.... All but a huge lie over a 3K+ PE stock! They hyped it all up just to do a controlled exit out of the AMZN trade.
The post earnings pop has been long gone! The fact is that AMZN has not made $$$$$ and the headwind of inflation and taxation are both toxic to the growth of the company. There is only air to support this growth story. This pig is doomed! Get out while you still can.
Don't think today's dead cat bounce is a roaring back in stock price as someone famous has said. It is not roaring back and it will continue to drop.