it can easily hit $14 by the end of the extended session with the help of some very bashed up shorts.
it is going to take much more than a Barron's trashing to get AMZN to implode. It will take a miracle.
the bubble won't pop just yet....it still needs to put some more shorts out of their misery after another 10% hike...then it will finally collapse
Why did Barron's have to write such a bearish piece? Did the shorts put them up to it?
last April this puppy hit a low of $6.65, today we retested that low...it appears there is ample support at this level ( a double bottom for you technical fans) and a opportune place to go long.
we should have some sort of retracement.....likely 1/2 of the stock's recent run...it went form $45 to about $75 for a $30 increase,,,so a $15 drop form its high seems reasonable ...we could see a fall back down to $60 before all the smoke clears.
they are sandbagging the expectations so they will be easy to surpass. The sell side analysts are in bed with the company so the insiders can continually find suckers to sell their shares to. It is called "pump and dump" and the greater fool theory at its best.
the company just announced a ten store franchise agreement for its Fuddruckers brand in Orange County California. Currently, Orange County features two Orange county locations.
Is this an Enron kind of a thing? This smells like manipulation at its finest. The largest shareholder is using the secondary as a prime selling opportunity.