AMZN should tank AH

hajimow · Oct 25, 2011

Sales should be below what investors were expecting and forecasting a slower Holidays sales. Down to $200.

FYI: I have no position and will not trade it. My plate is full.

daytrade · Oct 25, 2011

may be right, but today appears that assumption has already been worked in to the equation to a degree.

Analysts are expecting operating margins to plunge to 1.33% from 3.54% and gross margins to fall to 23.1% from 23.5%.

hajimow · Oct 25, 2011

By the way AMZN is the Wall Street's darling. The results should be really bad to convince the street to dump it.

Archin · Oct 25, 2011

Quote from hajimow:

By the way AMZN is the Wall Street's darling. The results should be really bad to convince the street to dump it.

Doubt it, this stock is trading at high multiples, if their's no increase or a small increase in earnings i think it will continue to sell off.

daytrade · Oct 25, 2011

for anyone wanting specific chat while we wait

http://www.thestreet.com/_yahoo/sto...nings.html?cm_ven=YAHOO&cm_cat=FREE&cm_ite=NA

to listing to webcast

http://edge.media-server.com/m/p/v2c39q6g/lan/en

lwlee · Oct 25, 2011

Excellent call. Dropping fast. Down to 186.

newwurldmn · Oct 25, 2011

Good call.

Kudos to you.

Archin · Oct 25, 2011

Go amazon!!! down to 100

stock777 · Oct 25, 2011

how could you not trade it?

puts cost very little considering your bold prediction.

seems fishy

nitrene · Oct 25, 2011

Wow. Good call. You are the Oracle at Delphi.

I looked at the report and it wasn't that bad. Revenue increase of 33% is still impressive. It seems like Apple in many ways. Too much expectation since every one and their mother is in the stock. At least it isn't Netflix, yet.