Who will be the first analyst to use HDX flop as an excuse to go on record before it craters?
Despite Amazon's aggressive marketing, HDX still cannot crack top 3 electronics sellers... Tech overreach not only poorly received, but will drive additional cost. Eventually downgrades are coming, just a matter of whether the analysts try to lead for a change or simply follow (which adds no value...).
Arrogant, maybe. Stubborn, admittedly. Stupid, never. My analysis of Amazon's fundamentalschallenges and strategic vulnerabilities has always been spot on. Share price has ascended on a float jam scam driven by behavioral algos enabled by PD/MM's being greedy and using infinite leverage to achieve staistically impossible trading results. It now takes more too much energy to support the scam -- return on float manipulation has dropped too far with Jeff putting 2MM more shares into float over past 3 months...
Wile is the canary in the coalmine. Fund managers not lightening position when a senior insider dumped 80% of his holdings after 50% gains on declining fundamentals are outright negligent with OPM.