Nope...no need to worry about earnings if you are long. The wall street crooks will continue to pump this stock no matter what they report. BEZOs can do no wrong in wall streets analyst eyes. Whatever minute positive they can find in the report will be trumpted across the headlines... and if there is a microscopic increase in margins they will push this stock above $300!! LOL
wuwu: Logic says: Two negatives multiplied become positive. The question that then pops-up here is simply this: Since this phenomenon is so well known by now in the last 18-quarters that its obvious to everyone. And when something becomes so obvious, it becomes ineffective in the street as an input-variable, to plan your game on. So, does that mean then: "This time its different" ... and any one willing to initiate massive new short positions tomorrow then? (other than perpetually maintained small, routine ones). Thats a billion-dollar question.
No, earnings don't matter. Earnings are at best an imaginary number, created to provide a more accurate picture of a company's financial activity than cash flow alone. But, investors and analysts focus on earnings, which is where they go wrong. What's important is cash flow.