Some may say that technical analysis is 'bunk' but it's just that which caused me to short AMZN. Now you can say they're #1 when it comes to online sales but my question is, has their growth hit a plateau? Trading at 170x p/e, anything is possible. (click chart to enlarge) From an investor point of view, I would take some off the table at this point and invest it in banks, industrials and insurers. But let's take a look at sales:
Amazon sports some pretty startling numbers. Let’s dive into various reports for a close look.
Amazon captured 31% of online spending over Cyber Weekend