I think AMZN will report a monster quarter. Why? Q4 Retail Sales increased YoY but major Brick and Mortar had a lot of difficulties (Target / Macy's / Best Buy / etc). AMEX reported record Q4. So again, a lot of sales but they are not going to Brick and Mortar. Where did these sales go? I think they went to AMZN. UPS / FedEx were overwhelmed with the demand. And to top it off - buying on in Q4 AMZN was expensive:). I did not buy anything from AMZN for 3 months. Instead I bought from Costco and Target. I think that AMZN had such a surge that they had to raise the prices. Or run out of stock. This may be the first quarter in a while that AMZN actually makes some serious money (some serious income that is). Good luck to all!
When you short over 400, yes a 10 point drop is "cratering" to me. Down 22 points in 5 trading days. I'll take it. Of course, tomorrow AH will likely move it big either way. I'm not a long-term short, unlike some others, and will be happy to pick up a 30-40 point swing and move on.