It seems for a brief period, Amazon traders were in denial... but a mere 12 hours after reading our six simple charts explaining the ugluy reality behind this greatest of all momentum stocks [3], it seems the algos have finally got the message and the game-theoretical first mover advantage is kicking in... Amazon is down almost 6% this morning (and down almost $40 from its post-earnings highs) suggests the Bezos magic money machine is fading fast.
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