2% down in 5 minutes?!!
Bad earnings report I guess.
Everyone has been pushing Amazon up thinking that this lockdown has been benefiting them, however they significantly missed estimates of $6.25 by earning $5.01, so investors have realised they’re maybe not doing as well as their share price was reflecting. I had a feeling the share price was being pumped up too much, so I’m glad I didn’t buy
But I did, at the exact moment it was going down. Lucky I had SL, which was triggered 2 seconds after the buy order.
I was thinking of buying AMZN before earnings but didn’t in the end. I did think they were pumped too high + 30% this month.
If you will hold it for some years, doesn’t matter this earnings… you will profit for sure.