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Amazon (AMZN): Q2 EPS of $0.01 misses by $0.01. Revenue of $12.83B (+29% Y/Y) misses by $60M....
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Thursday, July 26, 2012, 4:06 PM ETAmazon (AMZN): Q2 EPS of $0.01 misses by $0.01. Revenue of $12.83B (+29% Y/Y) misses by $60M. Sees Q3 revenue of $12.8-$14.3B vs. consensus of $14.1B. Shares -7.3% AH. (PR)
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Who are the fools holding this bubble stock up?
So how do you keep a stock price high when the margins are terrible and the returns 0.01 per share? You get your early institutional investors to keep buying your stock and pump the story of growth and how important it is to future profits. This keeps the foolish money coming in to pump up the bubble price to new highs. That when your institutional friends dump their risky overpriced shares and take the profits from the Amazon scheme. This cycle of pump and dump happens over and over agains because foolish investors have no idea what is really going on with Amazon's stock price. Yes, this is all legal. Just not ethical or good for the new foolish investors.
Be a savvy investor and don't fall for the Amazon Scheme !
I've held AMZN for awhile and honestly can say that through all the down talk the stock keeps rising. 30% growth in revenue.
I'm waiting for the AMZN travel site.
http://bit.ly/OfBO8N
No one competes everywhere AMZN competes. They are like the Walmart of cyberspace - and I'm not just talking stuff, I'm talking personal and commercial services as well.