So this morning, Friday October 24th, Amazon has been trading down 10%. Many are discussing why and everyone has their opinion. On the right is a two day chart of AMZN from Yahoo charts and shows the drop of around 10%.
What to Do?
Here is an excellent read entitled Amazon Down 10%: The real reason why and how to trade it written by Jeff Macke. It is a short read but makes some excellent points. This is not the type of company where typical analyst analysis makes sense. Read his take, he is looking to trade it but possibly not accumulate as a long term investment at this price.