Unless there is some explosive bounce; otherwise, it is going to happen. Don't you want to stand between the death cross and the downside. You have no idea what is coming at you. Do yourselves and your family a favor and get out before it is too late.
By the way, any of the analysts out there asked for a cohort analysis on Prime? Or approximated one by using incremental changes in average revenues per customer and Prime member? What about gross shipping cost as a % of net sales? Those should be dropping like a rock due to the efficiency of the buildout, no?
This is a trading scam and nothing more... Sure, Amazon is as good as any company at pleasing customers by giving ALL of the value away to them. But, it is not sustainable. And, it has led AMZN to lever up at EXACTLY the wrong time...
Wow! The powerful almighty Yahoo message board filter deleted my post with an embedded url. Here is the definition of "Death Cross" from Investopedia:
Investopedia explains 'Death Cross'
A crossover resulting from a security's long-term moving average breaking above its short-term moving average or support level.
As long-term indicators carry more weight, this trend indicates a bear market on the horizon and is reinforced by high trading volumes. Additionally, the long-term moving average becomes the new resistance level in the rising market.