Zeev's Turnips Patch-No Politics (ZEEV)

[marketmaven]

AMZN Poleaxed this AM on CNBS, Weak traffic

* goldman has been selling every pop
... wait till 3pm to see sellers selling at will

* Amazon.com-AMZN sell any strength, reit Underweight, tgt $25@PRUS
The firm is cautious on valuation and margin erosion.

AMZN -- a retailer priced at 42 times its earnings -HAHA!

Miller is dumping
mho - he is selling into the strength - reducing his position as he says nothing to avoid a panic. He lost his winning stretch so there's no reason to try to hold on to this dog. He needs to move on to other stocks. Redemptions also cause them to allocate funds more selectively.

AMZN shooting suddenly to high 20s.!