>>>AMZN down $1.31 in the shortened holiday week...and finally they had to issue a form 8K to the SEC to own up to being pussies about including TRU in their guidance. Good week for the shorts all around. <<<
Admit it. The small magnitude of today's AMZN's decline was very disappointing to you, considering the TRU news was a clear-cut negative.
Here's the list of how the Big three did this week:
AMZN 36.07 -> 34.76 => $1.31 loss = -3.63%
EBAY 34.02 -> 32.63 => $1.35 loss = -3.97%
YHOO 33.02 -> 31.52 => $1.50 loss = -4.54%
See in both absolute terms and in percentage, AMZN did the best. And that's with the TRU news which will definitely cut 12 cents off AMZN's per share earnings for 2006.
Shorts are doomed.
They've picked a wrong guy, I mean a wrong woman, to short.
When the Net sector gets stronger, AMZN will be the clear winner among the Big three.
The TRU news was pretty much known...we knew it after the April conference call. Management put a really nice spin on it...but they did not lie. Today's 8K is probably some uncomfortable lawyers just making sure they can pass the red-face test.