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Amazon Margin Collapse: Revenue Beat, Earnings Miss Big, Cuts Forward Operating Income

Tyler Durden's picture




 

A company with already razor thin margins comes out and while it beats revenues, reporting $9.86 billion in sales on expectations of $9.54 billion, it literally shits the bed on the bottom line, reporting $0.44 EPS on expectations of $0.61, proving that this mythical "margin collapse" thing is actually really real. And the icing on the cake: it provides an operating income guidance range for Q2 of $95 million to $245 million. Expectations? $369.5 million. Can you spell Timber? Market sure can.

AMZN Second Quarter 2011 Guidance

  • Net sales are expected to be between $8.85 billion and $9.65 billion,
    or to grow between 35% and 47% compared with second quarter 2010.
  • Operating income is expected to be between $95 million and $245
    million, or between 65% decline and 9% decline compared with second
    quarter 2010.
  • This guidance includes approximately $180 million for stock-based
    compensation and amortization of intangible assets, and it assumes,
    among other things, that no additional business acquisitions or
    investments are concluded and that there are no further revisions to
    stock-based compensation estimates
 

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Tue, 04/26/2011 - 16:22 | 1208951 LRC Fan
LRC Fan's picture

You spoke too soon, Tyler.  AMZN has nearly halved its after hours loss.  It's just a fucking joke at this point.  Big earnings miss=don't expect to hear about this on CNBC tomorrow except maybe a 5 second sound byte about buying the dips.  They are talking about it now, though.  But by tomorrow it will all be pushed to the trash bin just like NFLX today.  No one really mentioned how the stock tanked bigtime.  It was all about "3 year highs!"

Tue, 04/26/2011 - 16:29 | 1209001 long juan silver
long juan silver's picture

Down 2%. Look out below.

Tue, 04/26/2011 - 16:41 | 1209074 6 String
6 String's picture

Yeah, it doesn't matter. Stocks to the fucking moon. As for Amazon, BTFD, at a 1,000 times earnings it's a fucking steal compared to the bubble silver is in, even though of course none exists anymore.

Tue, 04/26/2011 - 20:16 | 1209709 slewie the pi-rat
slewie the pi-rat's picture

Business Model Alert!

sales booming; margins won't cover fixed expenses & $4.4 Tril. of free shipping. 

Wed, 04/27/2011 - 08:24 | 1210792 kaiserhoff
kaiserhoff's picture

I thought I was the only one who remembered Value America.  Internet retailers are great at killing margins, especially their own.;)

Tue, 04/26/2011 - 16:45 | 1209096 Ray1968
Ray1968's picture

in 48  hours this will be forgotten about and up it will go.

Tue, 04/26/2011 - 16:30 | 1209002 NoBull1994
NoBull1994's picture

$180mm of stock based comp is an "add back" as if it were non-recurring....

Tue, 04/26/2011 - 16:33 | 1209033 Caviar Emptor
Caviar Emptor's picture

Cute. It's one of the trix to rig reports

Tue, 04/26/2011 - 16:56 | 1209141 slaughterer
slaughterer's picture

What are all of those narrowly placed green saw-tooth squiggles going rapidly up and down on Tyler's AMZN chart?  Somebody explain.  /sarc

Tue, 04/26/2011 - 17:29 | 1209241 slaughterer
slaughterer's picture

Let us get organized and do something activist about this disgusting shit:  Every ZHer in the world, please short sell AMZN at 9:30 am tomorrow, all at once, with all of your dry powder.  This type of obscenity deserves to be punished.  Take down AMZN!

Tue, 04/26/2011 - 18:20 | 1209408 augie
augie's picture

 

Somebody slap me if i'm wrong, but I think the whole point of Tyler emphasizing the EPS miss is that inflation is now visible in the evaporating profit margins, and slashed forward operating income of a major non-manufacturing company. Not a good sign for the overall "recovery."

 

God i feel like a three year old saying this but I dont think people are getting the significance.

Tue, 04/26/2011 - 19:04 | 1209523 treemagnet
treemagnet's picture

I'm sorry, did you say something?  I was sorta staring at cleancog's avatar...

Tue, 04/26/2011 - 21:01 | 1209786 Tail Dogging The Wag
Tail Dogging The Wag's picture

+2

Wed, 04/27/2011 - 02:26 | 1210346 slaughterer
slaughterer's picture

Yes, we know that--it is a recurrent and powerful trope here at ZH.   We are just reacting to the lack of normal price discovery reaction to this obvious proble going forward for AMZN. 

Tue, 04/26/2011 - 16:24 | 1208960 Cleanclog
Cleanclog's picture

CNBC was hyping Barnes and Noble earlier.  What an f---ing joke!

Tue, 04/26/2011 - 16:40 | 1209055 Josh Randall
Josh Randall's picture

Liesman was last seen clogging up a toilet at a gas station down the road

Tue, 04/26/2011 - 17:05 | 1209171 slaughterer
slaughterer's picture

Liesman lubing up his lips for his bearded lover man, BB.  "Ohhh Steve, you sure do have a pretty mouth!"

Wed, 04/27/2011 - 00:58 | 1210258 Problem Is
Problem Is's picture

Lies-man & The Bernank
President and the Grand Poobah of the International Order of Cue-Balls...

Lloyd Blank-dick-fein is Head Sexton...

Tue, 04/26/2011 - 16:24 | 1208961 wswarrior
wswarrior's picture

Yet, by some miracle, the stock is down only 2% AH.  Absolutely amazing how a high PE stock like this misses so badly and the shares bounce back sharply from their AH lows.  The stock did the same exact thing in Q2 last year, where it missed horribly and was down 15% AH at one point only to close almost flat for the day.  Margins were horrible then as well.  They will attribute the margin compression to investment back in the business. 

Tue, 04/26/2011 - 16:46 | 1209101 disabledvet
disabledvet's picture

we've seen it before.  "it was called the 90's."  these companies HAD NO REVENUES...let alone profits.  One of my favorite terms actually is "vapor-ware" in case you're wondering.  Of course "if you simply stayed away" you missed "the sudden appearance of revenues and profits beyond belief" too.  "it is fundamentally an act of faith" of course and i'll leave the soap box at that.  "Amazon" has a strategy to grow the business.  Some "little guy named Jobs" is "horning in."  But "there was no market for this thing called an e-reader until Amazon created it."  What's the potential?  Well "take a look at the revenue line and learn something stupid."  And I am not calling any of you here stupid.  I'm calling THE MONEY stupid.  As in "this is business 101"--"be the first to the market ALWAYS."  That is ESPECIALLY true when "CREATING A MARKET WHERE NONE EXISTED BEFORE."  The fact that "we don't know means dough."

Tue, 04/26/2011 - 16:22 | 1208962 LRC Fan
LRC Fan's picture

And I spoke too soon as well...within 30 min this thing should be green.  It's a fucking joke.  Dow +250 tomorrow, book it.  Doesn't matter if Ben raises rates 5%, announces QE3 and 4 are a-go, or if Japan blows up overnight.  The Dow must go up.  Buy the fucking dip indeed. 

Tue, 04/26/2011 - 16:39 | 1209062 Caviar Emptor
Caviar Emptor's picture

Ahh yes but it's extremely short sighted policy. Because margin squeezes hurt small biz first. Which ultimately translates to decreasing demand as constrained US consumers get more constrained. And of course the spill over into rising costs is intentional and more destructive in light of declining real incomes and small biz earnings. 

I rarely give CNBS credit, but Santelli today was ranting about how the market no longer functions as a forward discounting mechanism. And that, friends, is essentially the end of capitalism. We've morphed into something else. The step is usually irrevocable. 

Tue, 04/26/2011 - 17:26 | 1209236 ghostfaceinvestah
ghostfaceinvestah's picture

That "something else" is no different than we saw in Zimbabwe or Weimar Germany - the market is the inverse of the currency it is priced in.

Tue, 04/26/2011 - 16:24 | 1208966 Cognitive Dissonance
Cognitive Dissonance's picture

Nothing a little POMO and QE 3 to the tenth power won't cure. Every bit of bad economic and corporate news is good news for QE 3.0.

Bernanke to America. "Come on America. Make me write bad checks."

Tue, 04/26/2011 - 17:16 | 1209214 dogismyth
dogismyth's picture

So funny that most rationalize that QE will fix the "broken wheel" or make them richer in some way.  America is the circus and the clowns are aplenty.

Tue, 04/26/2011 - 16:27 | 1208993 Cleanclog
Cleanclog's picture

And now Broadcom gets smacked!

Tue, 04/26/2011 - 16:28 | 1209003 LRC Fan
LRC Fan's picture

Yeah BRCM is getting bitch slapped AH, but don't worry they just haven't found a way to spin the numbers yet.  Give it about, oh...5 minutes or so? 

Tue, 04/26/2011 - 16:25 | 1208994 LRC Fan
LRC Fan's picture

Annnnnnd yeah I spoke too soon yet again.  AMZN is now green in the AH.  Un-fucking-real.  So now you most certainly will hear all about this amazing profit report on Bloomberg and CNBC tomorrow, in between the coverage of the circle jerk Fed press conference featuring Liesman and Uncle Ben. 

Tue, 04/26/2011 - 16:25 | 1208996 20smoney
20smoney's picture

Anybody read Eric Janszen over at iTulip?  Fascinating commentary today regarding the gold window opening down the road.  Guy has been pretty incredible in terms of the macro events over last decade plus.

Tue, 04/26/2011 - 16:28 | 1208997 d00daa
d00daa's picture

...and it's green.

Hilarity ensues.

Tue, 04/26/2011 - 16:26 | 1208998 RobotTrader
RobotTrader's picture

Heh, look how fast AMZN bounced back.

Another horrific day for the "Armchair Anarchists" who saw 90% of all stocks go up, but the PM stocks imploded and GLD and SLV went down.

John Hathaway, Eric King, Rick Rule, et al must be at their wits end, staring at the screen in utter disbelief.

Tue, 04/26/2011 - 16:33 | 1209019 alien-IQ
alien-IQ's picture

Another great hindsight call robo. You truly are a legend in your own mind.

Tue, 04/26/2011 - 18:29 | 1209441 long juan silver
long juan silver's picture

If he wasn't right you'd be.

Tue, 04/26/2011 - 20:30 | 1209735 slewie the pi-rat
slewie the pi-rat's picture

RT has been robotic about the mining stocks, recently.

today, doug casey put this piece up on goldSeek: QE2 and the Fate of the U.S. Economy - GoldSeek.com

the 4th chart down is:  "Gold vs. S&P/TSX Venutre Composite" 

Tue, 04/26/2011 - 16:33 | 1209020 Robot Traders Mom
Robot Traders Mom's picture

you know you are a little tool right?

Tue, 04/26/2011 - 18:34 | 1209448 long juan silver
long juan silver's picture

Yeah but you didn't make money today on all the BORING industrials that really are jacking earnings off the weak dollar. Active vs passive investing vs dollar positioning yeilds success. You don't have any.

Tue, 04/26/2011 - 16:33 | 1209032 Johnny Lawrence
Johnny Lawrence's picture

I'd love for you to respond one time.  No technical damage done at all.  Silver still didn't break the 9-day.

Tue, 04/26/2011 - 16:48 | 1209111 equity_momo
equity_momo's picture

Dont expect a response. Hes the paid troll of ZH to get traffic up. Every bit helps. Just poke him and have fun but remember why he is here.

Tue, 04/26/2011 - 17:31 | 1209242 ghostfaceinvestah
ghostfaceinvestah's picture

I'm starting to believe that, actually.  Sad what has happened to this site.

Tue, 04/26/2011 - 18:11 | 1209385 fuu
fuu's picture

Wow I thought you had bailed into the ether. Nice to see you ghost.

Tue, 04/26/2011 - 17:30 | 1209246 dexter_morgan
dexter_morgan's picture

Hmmm, whats it pay - I could chearlead all day for the right price. :-)

Tue, 04/26/2011 - 16:54 | 1209124 disabledvet
disabledvet's picture

"take it off, let's see those things."  actually, i might be quoting myself on that one.  still....

Tue, 04/26/2011 - 16:57 | 1209134 tmosley
tmosley's picture

Yup, utter disbelief that silver could be at the astronomical highs of last week while morons like RobotTrader and the troll brigade act as though silver had dropped 90%.

Tue, 04/26/2011 - 17:56 | 1209309 Astute Investor
Astute Investor's picture

I'm not sure why so many people are obsessed by the minute by minute moves in silver or any other asset for that matter.  It's irrelevant unless you update your net worth on a realtime basis.  Prices change constantly, but value is ultimately reached over time.

Tue, 04/26/2011 - 18:26 | 1209435 long juan silver
long juan silver's picture

tmoseloser doesnt own any silver. he bet it all on ghold. (goold plus 28% last 12, silver plus 157%-WSJ). I love the misery of jackasses.

Tue, 04/26/2011 - 17:23 | 1209223 Korrath
Korrath's picture

Yes, the bottom in silver slammed us all the way back to a price we last saw...5 days ago.

 

Goddman it Robo, stop phoning it in; it's like you're not even trying anymore.

Tue, 04/26/2011 - 18:09 | 1209390 fuu
fuu's picture

It's almost like he is just a script on a VM.

Tue, 04/26/2011 - 16:29 | 1208999 buzzsaw99
buzzsaw99's picture

I like amazon bitchez. Not the stock, just the tax free stuff.

 

edit: (amazon bitchez, that's a good one!)

Tue, 04/26/2011 - 16:29 | 1209000 mule65
mule65's picture

Timber LOL!

Tue, 04/26/2011 - 16:28 | 1209004 wang
wang's picture

relax, take a step back, almost everyone knows Amazon is a revenue growth story that is investing for the future. It's a topline story riding a secular theme in an enviroment where penetration of e-commerce is in its infancy

Tue, 04/26/2011 - 17:04 | 1209167 traderjoe
traderjoe's picture

And that's been the story for how long now? And in the meantime, how many main street retailers have been decimated in the process? Are they all going to work in the automated warehouses.  

Tue, 04/26/2011 - 16:28 | 1209005 oogs66
oogs66's picture

the AMZN miss is good because they are spending the money on the balance sheet, and spending for future earnings....straight from CNBC....no such thing as bad news...

Tue, 04/26/2011 - 16:38 | 1209056 Id fight Gandhi
Id fight Gandhi's picture

Seems like 1999 earnings don't matter as long as you gain more customers.

Tue, 04/26/2011 - 16:32 | 1209013 Misean
Misean's picture

zOMG I missed my chance to BTFD! CRAP!

This monopoly money market where the banker just keeps opening packets of money when he runs low is a blast!

Stock prices are rising faster than inflation, right?

Tue, 04/26/2011 - 16:33 | 1209018 bulbar
bulbar's picture

"The sky is falling the sky is falling!!"   Uh, well, maybe not.  LOL.  Wrong again ZH.  Bought me some on the knee jerk losers. 

Tue, 04/26/2011 - 16:35 | 1209039 d00daa
d00daa's picture

Your a buyer of AMZN here??  LMFAO, you fucking clown ass bagholder.

Tue, 04/26/2011 - 16:52 | 1209125 alien-IQ
alien-IQ's picture

so a company reports collapsing profit margins at a time when the market is trading at astronomical levels and the stock itself is trading near it's all time high while the dollar nears it's all time low...and you think you are smart for buying this piece of shit 10 minutes before the conference call which will likely reveal enough clarification to send the stock lower?

I assure you that unless this pig sprouts wings in the next 15 minutes...people here will have a feast ridiculing you.

good luck.

Tue, 04/26/2011 - 17:01 | 1209153 AR15AU
AR15AU's picture

You just went long AMZN? Really. How many shares?

Tue, 04/26/2011 - 17:06 | 1209165 alien-IQ
alien-IQ's picture

give him a few minutes. he has to find a chart to see what price he can tell you he bought at so it looks good. it's the Robotrader school of stock trading. You see, what they do is they wait for the move to happen, then they enter their secret time machine and go back and make their trades. needless to say...these guys are all fabulously wealthy...but only WHILE they are in their time machines.

Tue, 04/26/2011 - 16:31 | 1209021 firstdivision
firstdivision's picture

Lollar's are getting even cheaper tonight.

Tue, 04/26/2011 - 16:32 | 1209024 Racer
Racer's picture

Don't worry all will be forgotten as the US sleeps overnight and the magic futures fairy will come out and make all this good and high again by morning

Tue, 04/26/2011 - 16:51 | 1209122 disabledvet
disabledvet's picture

tell me more Racer!  tell me more!

Tue, 04/26/2011 - 20:05 | 1209681 Racer
Racer's picture

See, the overnight futures fairy is already waving the magic feel good wand. and all things bad will be forgotten...

You just have to place your orders under the pillow at the close and the sweet dream magic works and brings you a new piece of money under your pillow in the morning

 

Tue, 04/26/2011 - 16:32 | 1209026 SDRII
SDRII's picture

X seeing a bit of a margin squeeze itself

Tue, 04/26/2011 - 16:35 | 1209031 slaughterer
slaughterer's picture

Those are fucking depressing earnings.  Did they finally mark to market, or something?

Tue, 04/26/2011 - 16:34 | 1209038 TruthInSunshine
TruthInSunshine's picture

Robotrader's mom had her life savings in Amazon, purchased at the all time high.

Good job, Robo, you clueless fuck. Your mom will eat cat food now.

Tue, 04/26/2011 - 16:42 | 1209052 TruthInSunshine
TruthInSunshine's picture

Hey look - a new sock puppet! Let's keep it, Tyler. Can we?

Awww...I wanted to keep it.

Oh well. Them's the breaks, sock puppets.

Tue, 04/26/2011 - 16:35 | 1209040 gwar5
gwar5's picture

Bernanke wants to have a good day for his media inaguration tomorrow. Call everyone. Must. have. stock. market. up...

Tue, 04/26/2011 - 17:17 | 1209215 slaughterer
slaughterer's picture

Let's just put a crown on BB's head, and give him a scepter.  Acknowledge the facts: he is the KING of this decaying country.

Tue, 04/26/2011 - 16:38 | 1209046 oh_bama
oh_bama's picture

WHAT ARE YOU GUYS TALKING ABOUT?

MARGIN IS SLIGHTLY LOWER DUE TO WEATHER AND JAPAN EARTHQUAKE!!

QE3 IS ON ITS WAY!

BTFD!!~~~~~

Tue, 04/26/2011 - 16:36 | 1209047 Threeggg
Threeggg's picture

If you think the FE_D is going to let AMZN slip to take the market down you are a fool.

At least not until some little white lies are told tomorrow.

POMO-AH is stepping in .........................

LOL

Tue, 04/26/2011 - 16:42 | 1209063 plocequ1
plocequ1's picture

Margin? Who gives a fuck. Whats a margin?

Tue, 04/26/2011 - 16:39 | 1209053 Johnny Lawrence
Johnny Lawrence's picture

Anyone see the latest Barron's Big Money Poll? Bulls outnumber bears about 3.5 to 1.

Tue, 04/26/2011 - 16:47 | 1209093 equity_momo
equity_momo's picture

AT 4:1 we'll see the ingredients for some "ledge diving". It'll be all the craze this decade on Wall St.

Tue, 04/26/2011 - 16:38 | 1209057 slaughterer
slaughterer's picture

100 oz of silver says the ES E-mini futures will be dutifully pumped for a green open tomorrow.  All systems go!

Tue, 04/26/2011 - 16:45 | 1209081 Caviar Emptor
Caviar Emptor's picture

When are they not? 

Tue, 04/26/2011 - 16:40 | 1209065 wang
wang's picture

more bull news from the WH press office (AP)

AP survey: Only oil shock can stop economy now

http://www.ajc.com/business/ap-survey-only-oil-925453.html

Tue, 04/26/2011 - 18:25 | 1209432 Can2001
Can2001's picture

*wow* its amazing ....not amazon :0)

you still live in the propaganda machine like the east part of europe in the 80"s.

it seems it works the same as in a socialist system.....#not#....you are done.

Tue, 04/26/2011 - 16:42 | 1209066 jkruffin
jkruffin's picture

I blame the carry trade..............so does AMZN  :)

Those damn foreign exchange rates are crippling my business....lol

Tue, 04/26/2011 - 16:57 | 1209135 disabledvet
disabledvet's picture

Johnny Neutron with a follow on!

Tue, 04/26/2011 - 16:41 | 1209073 Archimedes
Archimedes's picture

People relax. Netflix was not down after hours too much yesterday and today got smacked.

Amazon will be down 20-30 bucks tomorrow.

Tue, 04/26/2011 - 16:44 | 1209077 TruthInSunshine
TruthInSunshine's picture

Oil and other commods, bonds and equities can all only rise from here.

It's the new carry trade. Buy equities, commodities, bonds, greek debt, and even puts - you'll make money in every category. Puts will rise along with equity values. ;-)

Tue, 04/26/2011 - 16:44 | 1209079 plocequ1
plocequ1's picture

Down a whole +1.84

Tue, 04/26/2011 - 16:46 | 1209082 slaughterer
slaughterer's picture


From the dimwit kindergarteners at CNBS re. AMZN: "Really, it's a story of revenues being much stronger than we were expecting but expenses coming in heavier than anticipated," said Ken Sena, analyst at Evercore Partners. "The concern that people had, that they were going to spend more than the Street was expecting, happened."

"But when you look at the kind of growth acceleration they are showing on the top line and surpassing pretty much all Street expectations, I think that clearly what they are doing makes sense," he continued. "So we continue to be "outperform" on the stock and think the stock is going to work well. But it is requiring a little bit of patience."

Patience!  Give me fucking momo now!

Tue, 04/26/2011 - 16:54 | 1209126 Moe Howard
Moe Howard's picture

The money's really rolling in much better recovery beetches but on the other hand it's rolling out to suppliers like you never seen all good baby buy buy buy don't fuck with silver that shit is fundamentally flawed.....

 

Dump all paper they are all going to crash like a moon rocket attempt from Belize.

Tue, 04/26/2011 - 17:01 | 1209154 equity_momo
equity_momo's picture

momo is strongest in the equity world.  equity investors are a truly special breed. like herpes. they'll never ever stop being a retarded annoyance. and they'll always carry that badge of honor around with them at cocktail parties : you have herpes?? you're an equity investor ??? well just give me a shot and tell me when you're not in season and i'll invest!!

Tue, 04/26/2011 - 16:46 | 1209084 max2205
max2205's picture

AMZN is to big to drop...Ben won't let it...look at the POMO's buying this POS

Tue, 04/26/2011 - 16:46 | 1209086 Great Unwashed
Great Unwashed's picture

it literally shits the bed on the bottom line

I literally had a heart attack when I read that.

-Your English Language Police

Wed, 04/27/2011 - 00:18 | 1210206 Dolar in a vortex
Dolar in a vortex's picture

You seem to be recovering nicely.

Tue, 04/26/2011 - 16:48 | 1209099 jkruffin
jkruffin's picture

We all know this is a ponzi, but let's look at it for what it is in the big scene:

 

The reality is so far gone from this market, it won't go down. Why?

Because a big miss means guaranteed QE3 on the horizon and that equals higher stocks

Because a big beat means earnings are improving and that equals higher stocks

Because all of this equals no one wants treasuries they want stocks equals higher stocks and low yields....

Higher dollar equals higher stocks

Lower dollar equals higher stocks

 

Who else doesn't see this? As much as it stinks and reaps of ponzi, this is what is has become. So invest accrodingly..........I told you Benny wants 1500 S&P by June and he is going to get it one way or the other.

This market is like riding a fat chick, you slap it and ride the wave until it stops, and Benny has one hell of a tsunami working right now.  99% if stock trades are done on emotion, not fundamentals.  Backwards as heck, but that is the world we now live it seems....

Tue, 04/26/2011 - 17:01 | 1209150 disabledvet
disabledvet's picture

after insertion of this thought process how can any of us possibly say no to "media event" tomorrow???!!!!  a "Trumpian" YEAH, it was that good! moment from the Bernank too?

Tue, 04/26/2011 - 17:17 | 1209203 alien-IQ
alien-IQ's picture

It's not an investors market it's a traders market, and when the music stops...there will be fewer traders left.

Tue, 04/26/2011 - 16:48 | 1209102 topcallingtroll
topcallingtroll's picture

Professor Rigobon's financial search engine could have seen this coming and we could have front run everyone if we had it fully functioning.

Tue, 04/26/2011 - 16:46 | 1209103 Moe Howard
Moe Howard's picture

The crazy thing is that they were announcing on the radio news on the half hour here in Louisville that Amazon is hiring at locations in Louisville and all the other places they got here, manager jobs. It sounded like they are expanding operations, it was like one of those Sundayyyyyy at Union Grove Dragway or whatever you used to hear on AM. In other words hyped up.

Tue, 04/26/2011 - 16:51 | 1209115 Threeggg
Threeggg's picture

So let me ask a stupid question that came to my foolish mind.

How in Gods name are they going to re-inject price discovery back into the market.

The only answer I came up with was.....They can't. So's I ask's myself this question.......self, will they continue with the QE..........self says they have to whether they announce it or not.

It's simple math...........No ? Where is methman to check my calculations because those captchas are killin me.

Tue, 04/26/2011 - 17:01 | 1209157 disabledvet
disabledvet's picture

I love it. AND "the Year of Living Dangerously" too!

Tue, 04/26/2011 - 16:51 | 1209123 RobotTrader
RobotTrader's picture

Still one of the greatest stocks in history....

Tue, 04/26/2011 - 17:08 | 1209173 azengrcat
azengrcat's picture

I enjoy your trolling.  

Tue, 04/26/2011 - 17:11 | 1209187 plocequ1
plocequ1's picture

Trolling? I dont think so.

http://www.zerohedge.com/article/buy-stocks-buy-bonds-carry-orgy-leads-b...

Robo is telling it like itiz

Tue, 04/26/2011 - 18:19 | 1209412 Astute Investor
Astute Investor's picture

I guess the chart doesn't back to December 1999....

Tue, 04/26/2011 - 18:33 | 1209450 long juan silver
long juan silver's picture

Why? You still holding?

Tue, 04/26/2011 - 18:36 | 1209453 Astute Investor
Astute Investor's picture

Nope

Tue, 04/26/2011 - 16:55 | 1209138 Global Hunter
Global Hunter's picture

this is getting ridiculous, enjoy the ride I suppose.

Tue, 04/26/2011 - 17:05 | 1209159 disabledvet
disabledvet's picture

i think i just did.

Tue, 04/26/2011 - 16:57 | 1209140 Manny
Manny's picture

The stock is up 0.67% in AH.

Must have been good earnings!!!!

Tue, 04/26/2011 - 16:58 | 1209142 Manny
Manny's picture

1.01 % now.

 

Must have been a great earnings report!

Tue, 04/26/2011 - 16:59 | 1209143 zebra
zebra's picture

Dear all,

I will brainwash you all by keeping the market afloat until words like "down" "crash" "timber" are erased from all dictionaries and spell checkers.

Sincerely,

Ben.

Tue, 04/26/2011 - 16:57 | 1209145 Yancey Ward
Yancey Ward's picture

This is good news, gentlemen!!  They could have reported a bankruptcy and been down about 3% after hours.

Tue, 04/26/2011 - 17:10 | 1209179 slaughterer
slaughterer's picture

The real killer is the intraday chart that preceded the AH session: as if the bad news might NOT have leaked!

Tue, 04/26/2011 - 17:37 | 1209258 Pez
Pez's picture

No jobbies no shoppies.

Tue, 04/26/2011 - 17:40 | 1209276 fatsak
fatsak's picture

Amazon always one of the harder stocks to short with the low float and Bill Miller constantly killing shorts.  

Best short in tech space is SAP.  80 billion dollar dinosaur  tech company that is living off of maitnenance fees.

Tue, 04/26/2011 - 17:43 | 1209278 Korrath
Korrath's picture

And the punctuation mark on the end of a surreal day...

http://www.nytimes.com/2011/04/27/business/27markets.html?partner=rss&emc=rss

 

"The market’s continued rebound is crucial to luring nervous Americans back into investing in stocks, said Alan Gayle, senior investment strategist at RidgeWorth Investments in Richmond, Va. ..."

 

So all the Boomers who hadn't stuck their toes back in the water yet are about to start cannonballing back in?  I'm sure this will all end well...


Tue, 04/26/2011 - 18:01 | 1209339 Count Laszlo
Count Laszlo's picture

Tomorrow is going to be huge, up a lot - everyone knows Ben has great news to deliver!

Tue, 04/26/2011 - 17:55 | 1209314 Count Laszlo
Count Laszlo's picture

Nice! Amazon has inspired a VERY large purchase of paper to make my own books. Man I love America!

Tue, 04/26/2011 - 18:52 | 1209490 goldfish1
goldfish1's picture

"shits the bed?"

tres colorful.

Tue, 04/26/2011 - 19:17 | 1209561 Corduroy
Corduroy's picture

The facts speak for themselves... Amazon is trading on revenues and 'hopium'.

Ma & Pa are not in the market anymore (except via their investment fund vehicles) because casual private investors cannot afford to live on the dividends most of these shares are, or are expected to provide.

With the abscence of private investors, the market no longer works via the original rules of price discovery and 'fair value', instead, we have a market which trades like a game of TopTrumps where brokers shuffle their decks, call out a stat, and to the victor goes the spoils...

Actually, I think I will licence a TopTrumps share deck, just for this purpose, it will be interesting to see how many of the S&P 500 companies will still be in existence in 10 years time... I had a share trading table top game back in 1985, not many survivors from that haha

 

Tue, 04/26/2011 - 19:22 | 1209564 brian downunder
brian downunder's picture

Booksellers...

Borders US going, Borders Australia going, Borders UK GONE.

Amazon ???

Wed, 04/27/2011 - 08:32 | 1210815 learner0
learner0's picture

Is in stiff competition with Book Depository.

Tue, 04/26/2011 - 19:55 | 1209669 Seasmoke
Seasmoke's picture

BEZOS !!!!!!!!!!!!!!!!!!!!!!!!!!1

Tue, 04/26/2011 - 20:05 | 1209692 rosiescenario
rosiescenario's picture

Having been dumb enough to try shorting AMZN last year, I would not touch it with a 10 foot pole nor a 6'3" Nigerian...AMZN is the poster child for our sick market...the lunacy is fully priced in.

 

Of course since everything they sell is imported there is going to be ever increasing margin pressure coupled with declining sales as the gasoline price takes its bite....expect the stock to go up on that basis and you'll make money on it.

Wed, 04/27/2011 - 01:21 | 1210280 TruthInSunshine
TruthInSunshine's picture

Amazon is down 6% ah and will be down big tomorrow.

Robotrader condemns yet another relative, his mother this time, to her remaining days eating cat & dog food, because he is a MoMo whore chaser, and needs to compensate for his losses by depraved acts, including ruining his mother's financial situation.

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