Market cap $75 billion ? More than Ford ? LOL ! Last year 22nd October large sell off. Checking today´s date : Oh figure, 22nd of October ! Ay, short 169.01.
Yesterdays earnings show amazon is really overvalued especially with a PE of 70. Amzn is not an investment at this time but more of a trade, how much higher it goes no one knows but just look at history to show you that when this stock sells off it really sells off. Christmas is coming and amazon does do a bulk of its sales during this time, who knows how well this christmas is going to be for retail but amazon is going to need a lot sales to keep up with a $150+ stock price. Way too much risk buying and holding this stock, this is a traders stock.