Why is Amazon down after hours? They just doubled sales!

CG answered 4 months ago …

I can best answer that with a series of questions :

At what cost did sales increase? What about margins and the outlook in the current economic environment for people buying tripe online via their maxed-out credit cards? What about the overbought markets in the recent short term and the primary long-term trend (down)?

We are moving from an ear of wanting and taking to an era of needing and pleasding. What does AMZN sell that people *need*? Nothing.

It trades at $70, but it's more like a $20 stock tops in my book.