Longs are not crazy. REAL investors would know that the earnings miss was due to expansion of business such as new warehouses and digital content. Newb traders like yourself just looks at whether they hit or miss it and react based on that simple fact. No other research or reason, just panic sells and buys. Ask yourself certain questions abut the company. Did they increase sales, yes. Did they grow...yes. Why did they miss? They invested in future growth...thats not a bad thing. Sure they missed estimates but the estimates were positive numbers to begin with.
Hypothetically on ABC company, analysts estimates is say 25% growth yoy, but they report say 19% yoy, it's a miss but did the company increase? Yes.
Thats all you need to care about. Look at whether they put themselves in a good spot for future growth and not what analysts estimate.
Scamazon has been investing for the future for over 16 years. How's that working out today? Scamazon's competitors include Samsung, MSFT, GOOG, IBM, WMT, COST, TGT, and BBY...just to name a few. These companies all invest for the future, and they still make a profit, with many paying a dividend.
This is the biggest scam in WS. Scamazon will continue to bleed red ink for the next 3-5 years, and the stock price will be cut by +90%, just like 1999.
So you longs are paying 400-500 times multiple for future carrots, I mean earnings. How wise is that !?
"Oh they control e-commerce and they will just flip the switch and increase prices..." - you longs so want to live in that bubble. Why would I buy from Amazon if they are no longer the cheapest option.
What stops another Amazon springing up which would entice customers with great service and low price !?
$150 billion in market cap and not a dime in profits - is a Guiness record in itself.
Now lets say, AMZN in your "future" (whatever that is) starts making money...are you expecting them to make $1/year? $5/year? or $10/year (hope you know that's NOT possible)? and peaks...will the price be justified?