Following Mr. Market Into Amazon: Suicidal Or Sensible?
by Marc Gerstein
Here's the ultimate journalistic dog-bites-man story (i.e. one that is so mundane as to hardly even qualify as "news"): The third-quarter earnings release for Amazon (AMZN) amounted to a financial stink-bomb characterized by uninspiring revenues, lower margins, red ink, and bad near-term guidance. Even so, the stock went up in the next morning's pre-market trading and in early regular-market trading! read more »
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