All those buying will have a rude awakening when the real profit drivers become clear. Amazon will be hurt much worse than people expect, especially since it has locked in free two day shipping for millions as average order size across all customers will drop...
No net cash. Any shock and payable flows begin to exceed receivable collections. Pre-paid revenues (all the gift cards which have increased by $1.8B) get redeemed preferentially, leaving a cash whole that could easily be $2-3B.
There's no buyers in AMZN just bot and MM pushing it up to match the indices with a predetermined beta. It will drop fast if the sellers come. I can imagine that it's getting close. Europe will probably have more issues this summer. They probably could push it to $270 but I'm guessing it's probably as far as it could go.
I think we are going to have a massive drop across the board.
That guy on channel 79 this morning was ridiculously bullish
This is just bots
AMZN up now what 7 days in a row now?
Will go red today, follow aapl downwards