AMZN numbers don't matter!
They mean everything. Few investors hold AOL in isolation. If they hold AOL, most likely they hold AMZN, YHOO, EBAY, CMGI, etc. along with it. The major nets rise and fall as one. All these nets had decent first quarter earnings, but the first quarter is the weakest, there were no blowouts, and investors' expectations were wildly overblown. Look for further declines in the A.M., a recovery later in the day, and a huge sell-off of nets Friday P.M. The quality nets will have a resoundingly successful year, but the next real take-off won't be until the early fall. Until then, expect 10-15 percent swings back and forth every few weeks. Good luck and don't get an ulcer!
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