Tuesday prediction:
First, lets assume that the big funds and vinik-type manipulators are looking to exit this stock before its impending collapse.
At the market open, the general market is going to gap up because of the great performance in the asian markets. Now, Amazon has a lot of negative press over the weekend, from Barron's report that predicted a price target of $10, to the various shares-for-books stories that are starting to rear their heads. So, the stock could very well go down against the market as short sellers jump all over it. If this happens, the vinik gang is going to wait an hour or so, then start squeezing the hell out of the new shorts who will quickly panic and start covering their shares, driving the price higher. As the general market continues to go up, the manipulators will unload their shares into the "rally".. This could very well be their exit point.
If the negative articles dont cause AMZN to gap down at the open, the manipulators will help apply the squeeze on existing shorts and drive the price way up, and then sell into that rally.
In either case, the end of the day is going to be ugly. The next day will be even worse. The momo players and the funds and the vinik gang have found their market rebound to finally get out of AMZN. I am sure they will not miss the opportunity on Tuesday.
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