AMZN make no money on selling goods on line. They make very little on the cloud. You don't get a 940 PE by making money. The cloud faces major competition and if they were making any real money it would show in earnings. In addition they claim to be dominating the cloud. If true they are awful at making money off it.
AMZN is living off last years reality. It's over at a 900 plus PE it can't move up no matter how good their sales are. Problem is their salsas stink this year. They are heading south big time. Expenses thru the rood and finally they met their Waterloo. No one is lying down and taking there nonsense.
The King has fallen.
They must be running out of hype ideas if they are recycling the drone story. This is really pathetic. Just make sure no one focuses on the on lines sales numbers because the AMZN blow out quarter looks like it's blowing up.
Is priced for a block buster year. If not they will bust the stock. On line sales up 14 percent less then expected for everyone. Amazon alone needs to do better then that. Even if they account for all the increase in online sales they still come up well short of expectations. a 900 PE stock had better start pulling a rabbit out of the hat and very soon or you can see a hundred point drop before you can even mouse click your way out of the stock. Competition this year is fierce. if you go very deep discount you will hurt both your bottom and top line. On line sales might be a new thing for most stores but they are better at it this year then last.
There are longs here hoping to keep the hype up until they can unload on Monday morning.Goldman said hold until earnings not after. Their clients got the message.