Today's decline means about as much as last week's increases.
In the last couple weeks the stock was rising during plummeting markets. Now it is falling despite a major rally.
IMHO, the MM's have got it in a range. They jerk the price up to the top of the range, then sell off, taking profits and jerk it down to the bottom of the range.
For me, a long-term (i.e. 3+ years, I expect) investor, neither of these recent movements against the major market trend are meaningful.
For you traders, especially the bears, I hope you all make tons of money and get ahead of the game on this beast. I would think that most bears still view AMZN as the short from H*ll.
It does appear to be more predictable of late. This is not to take anything away from Rob S, who has run circles around the analysts. But I am too busy being responsible, doing my imitation of a serious, concerned, caring physician etc to be able to watch enough to try my hand at trading. Another thing about trading is that in restropect it always looks so easy. But prospectively, I have found it pretty terrifying.
Best Regards,
Tom D |
