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  • hobiee hobiee Apr 15, 1998 1:29 AM Flag

    Earnings Report

    If history repeats itself, and it usually does, I recall prior to the last earnings report AMZN spurted right before the earnings release from $50 to $63, then dropped from $63 to $55 after beating the street's estimate by 5 cents.

    I expect the same type of response by investors in the upcoming week. Some shorts will get itchy and cover their positions...AMZN will beat the pertetually "low balled" street estimate...then the stock will drift downward as an anti-climatic mood sets in.

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