let's hope this triggers some sanity profit taking
Down volume today is 3x up volume .. every time there is a drop, huge supports comes running in to gabble up all selling shares, and it takes a small push more of buying to push the stock back to where it was. Someone wants to keep it positive today. LOngs are petrified of weakness starting a tumble and keep gettign deeper and deeper in (Cap World keeps increasing position - up to 12% of the company now).
Up more than all other momo stocks today (especially after $8 runup yesterday).
Either an add-on offering (most likely), or more debt.
all on 1.5M shares, and all on bad news (terrible retail forcast for Christmas).
Why will an Apple TV like STB help Amazon, but is worthless to Apple? $3B market cap increase today on STB rumor - they will never make that in profits on the device - It has taken them the last 20 quarters cummulatively to earn $3B (market kust gave them that in last 2 hours!)
yes - I have been getting them as well in more regularity lately. Channel advisor data for JUly and Aug has shown the significant weakness in amazon sales. This Q will be a big struggle for them.
20% gain so far this year, on top of 44% gain last year. They just got terrible retail sales data, channel advisor AMZN 3P growth is at an all time low (1,600 bps drop in growth from last year), Consumer confidence had a huge drop this morning (and PPI was hot), and it is clear that tapering begins next week .... add to that today another significant AWS outage (2 in 2 weeks now).
What upside can there be at this point with all of those headwinds and they are trading at 106x CY14 earnings estimates? You would think profit taking would have to happen prior to earnings to take some risk off the table.