% | $
Quotes you view appear here for quick access., Inc. Message Board

  • dmabullfrog dmabullfrog Feb 17, 2013 12:22 PM Flag

    Amazon Crash is Coming

    The only reason Amazon hasn't crashed yet is the Capital Research family of mutual funds bought 4.2 millions shares of Amazon last quarter and I bet is propping it up this quarter. However when Amazon reports slowing growth again next quarter, the Amazon bulls like Capital Research (Amazon's #1 stock holder) are going to be forced to puke the stock. Capital Research sold 4.9 millions shares of Apple last quarter on the reports of slowing iPhone y/y sales growth and look what happen to Apple stock on that.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • Amazon missed sales estimates huge in last quarter. The reason were a big ramp state sales tax collection (first time in California, Pennsylvania, and Texas) and more price-match competition from Target and Best Buy. Even Amazon admitted on the conference earnings call weakness on consumer electronics (obviously directly due to Best Buy starting to price match) and weakness in higher priced items (obviously California state sales tax driven, more expensive items sales are more tax sensitive).

829.05+0.33(+0.04%)Sep 29 4:00 PMEDT