This reaction to earnings is absolutely frickin ridiculuous. How in the hell does this warrant a $13 runup? Already at 52 week high and overpriced at $97. For Christ's sakes they sell books, CDs and DVDs people, they haven't invented a cure for obesity or hair loss. You've got to be a certified lunatic to buy into this crap. If this isn't irrational exuberance at its most irrational I don't know what is.
I am not short or long amzn. I own zero shares. However, congrats to the longs. Oh, how I love seeing shorts lose money. I hope they all go broke. Those greedy idiots. I hope this hits $120+ for all you longs. As for shorts I hope you all live in a box eating beans and rice.
It's all about catching people leaning the wrong way. 45c earnings is a COMPLETE joke. If expectations were for 50c, and they came in with 45c, the stock would be cut in 1/2. So, you have to ignore the actual number. What AMZN makes is meaningless in the short run.