Written by Rick Ackerman, Rick’s Picks
‘Mafia’ Struggles With Collections in AMZN
The Wall Street gangsters charged with distributing AMZN shares to widows and pensioners before the bottom drops out have been experiencing difficulties lately.
Twice in the last three sessions, they pulled their bids on the opening in order to dry up sellers; however, in both instances the resulting short-squeeze rallies fell shy of the previous day’s high.
Shorts may yet come through for them and panic to get ’em back over the next day or two, but unless there’s some ginned up “news” to propagate this, expect the stock to take a header down to 1500 or so.
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