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, 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.
