hard to say, it should have tested ah low and it didn't happen and closed higher than the day before. Clearly a lot of support in the 540's,nevertheless the mentality of the street seems to have changed, a lot of selling in the high 580's. I think it is trending down now before next er.
net change for the day is only 30pts down, a 5% drop from close yesterday, compared with the 30% eps miss.
should be under 500 in ah, but it held.
expect some swings tomorrow, gla
amzn is expected to make 1.62 this Q with rev of 36B, I would be very surprised if they can do 1, they will use all 3rd party sales as their rev to beat the top line, but not the bottom line.
if true, 400 is coming...
amzn will get into any low (zero or negative) margin business to keep up with the top line growth status quo and astronomical p/e ratio, it will work until it does not.