Negative Warnings On Amazon Finally Make A Difference; AMZN Ends At 3 Month Low.

by Anura Guruge

August 25, 2107 Front-Page story on ‘MarketWatch‘.

Click image to access original.

August 22, 2107 Front-Page story on ‘MarketWatch’.

LEAD story on ‘Marketwatch’ Tuesday, August 22, 2017. Click image to access original.

From ‘MarketWatch’, close of market, Friday, August 25, 2017. Click ENLARGE and study.

There was a sharp $15 drop on Thursday, August 24, 2017 but as the afternoon wore on buyers piled in and the loss was cut in half. [I just happened to luck out and do a decent option trade, around noon, when it was close to the low of the day. {Smile}].

On Friday it went down all day, albeit not dramatically — just drifted downwards slowly. But, it closes BELOW $950 at a 3-month low.

Yes, it could drift lower. $925 is realistic. But, I don’t think it will go much below that — BUT I could be wrong.

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by Anura Guruge

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About Anura Guruge

See 'The Blogger' on my blog.

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