I don't believe it is technology. I think it is collusion. Institutions and Bezos own over 80% of the stock and they make millions every week by selling options they know are going to expire worthless. It is useless to try to outguess them but there is money to be made if you guess right.
Could it possibly be worse than the arrogant incompetent president from the Democrat side that is currently holding that office?
Last April AMZN dropped $20 in two days after the Q-1 report. $340 sounds like a reasonable stopping point after the Q-1 report this year but it all depends on the institutions that own 80% of the shares.
For all we know there may be influential employees of the SEC who have a beneficial interest in AMZN. Don't count on the government to be totally honest. The government only insists that YOU be totally honest.
Not backwards just looking backwards. There has been very little manipulation today which is indicated by the low volume. I am anticipating that, as the close approaches, manipulation, and therefore volume, is likely to increase to drive the price up. What do you think? Would it be advantageous to the manipulators to have a drop of over $10 in one week when the last two weeks have closed at $380?
It will. Keynes was an idiot. I said so in economics class in 1950 and got a "D" but I still believe it.
Friday's close is all that matters to the manipulators. I don't think they would want to see a close below $375 tomorrow. That would be a $5 drop from last week.
The down trend does seem to have started. The past two weeks have closed at $380 and it looks as if this week will close at $377.50 or $375. By taking it down before the report they avoid a catastrophic drop that might start a panic sell off and they make money selling worthless call options all the way down.
Amazon is not manipulated it just happened to land exactly at $380 today. Not even a penny off. Clearly a coincidence that call options above that level were very heavy.
Your guess is probably as good as the 34 analysts that follow Amazon. They range from a $.35 profit to a $.56 loss with an overall average of $.11 loss. We will just have to wait and see. This time I am not placing my bet before the announcement.