Greater fool theory doesn't prove the shorts wrong. AMZN is in an over-valued bubble. You know it, sane investors know it.
How do you know it's not a dead cat bounce? Run the numbers, math doesn't lie...
The slide is still in place...At this point the stock needs to break out over 180 in a big way to break the slide and the shorts want a hard drop under 176 for continuation of the downtrend....After futher review of the technicals on charts and the disappointments we have been hearing about...ORCL TXN INTC APKT CRM to name a few...Tight margins and getting even thinner i have to believe we fall yet again.
You called it Bruce, surprised but i was wrong...will hold on to short anyway as the rest of the mkt is acting terrible GOOG IBM GS all under pressure & Euro getting killed...Luck to all...In the meantime shorts running for cover in AMZN...Volume at end of today will give us all another clue as to where AMZN is going.
They shouldn't, but you never know...divine intervention and all that. But yes, I would like to see a hard hitting defense go up against a passing team (although Rivers took us to task in San Diego).
never mind so much unless we get some volume. mm can take this where ever they want within reason. shorts could attack... won't last till we get some conviction one way or the other. pe is going to look ever more insane when earning come out, however the top line should be huge... so i'm short but i could be too early? time will tell. pe has been crazy for a good while now and could continue