In my opinion, thats where AMZN goes this week after results. More shorts would have got piled up today on a big time down day.
Short covering will take it past 95 in case they come out with stellar earnigs.
what do you think ?
>If/When the float is no longer so tightly held, AMZN will crater.
Since that isn't likely until his grandson or great grandson inherits his shares I guess you'll never know for sure. Unless you come back in another incarnation.
>However, AMZN is somewhat unique with Bezos, and maybe he just never sells.
Because he pays his employees in shares and selling of the degree you fantasize would never happen as it would render that approach to employee compensation useless.
He lives well enough as it is. He doesn't NEED to sell to the degree dumb shorts keep hoping for, hence, he never will.
"Now you`re sounding like laughter. I see no proof of this whatsoever and so is not a good thesis to be bearish this stock."
The scam has 2 parts:
1) options manipulation
2) tightly held float
If/When the float is no longer so tightly held, AMZN will crater. Period. However, AMZN is somewhat unique with Bezos, and maybe he just never sells. As long as there are 30mil shorts and 98% shares held by insiders the "scam" will continue.
"The stocks relative strength is due to the stock scam that is AMZN. That will unravel at some point."
Now you`re sounding like laughter. I see no proof of this whatsoever and so is not a good thesis to be bearish this stock.
"Do you really believe that reporting 36c will push this stock up?"
Yes, at least initially. However I think it will sell off after the euphoria wears off.
if they report 36c amzn will drop immediately(pe52?)
I am more incline that AMZN will miss to surprising us again this time
(but still doing O.K.)
With an inevitable long wait Dow pulling back to low 7,000
I am afraid of AMZN might have to retest $70.
When it hits $95 I am gonna throw in $10K to get as many $90 puts as possible.
Please hit $95 right now. Hey Bulls! Please, please add more to your AMZN position and push it up to $96, so I can load up. Why wait???
Depending on results, it may go down to low 60s or 90s but the big picture is more important.
Which is... Amazon will show that it continues to crush the competition and take share from all of retail. That they`ll have the financial strength to continue doing this into the future and inevitably leverage this into humungous profits.