Is this a glitch or Amazon just dropped 75% in value?
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Is this a glitch or Amazon just dropped 75% in value?

By FortWayne following x   2017 Jul 3, 4:36pm 1,449 views   17 comments   watch   quote     share  


https://finance.yahoo.com/quote/AMZN?p=AMZN

Amazon.com, Inc. (AMZN)
NasdaqGS - NasdaqGS Delayed Price. Currency in USD
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248.49-719.51 (-74.33%)
At close: 6:34PM EDT

Can't buy till Wednesday, markets closed. Damn it, I want it at this price.

#investing

1 RC2006   ignore (0)   2017 Jul 3, 4:48pm   ↑ like (1)   ↓ dislike (0)     quote        

has to be a glitch, or major war or something is about to hit.

2 BayAreaObserver   ignore (1)   2017 Jul 3, 4:54pm   ↑ like (0)   ↓ dislike (0)     quote        

Looking at the link Fort Wayne provided Amazon is now down to $123.47 and the daily range on that chart doesn't show this kind of drop as well and the number dropped while I was playing around on the link.

p>Market Watch for one is showing $954.99 and everyone else I can see is showing the same thing.

http://www.marketwatch.com/investing/stock/amzn

Just looked at Fort Wayne's link again and after hours shows $968.50 at 7:58 PM EDT..
The trading volume on the Yahoo chart doesn't really go along with the moving number in red on the yahoo chart either - not sure where that number is coming from.

3 HEY YOU   ignore (7)   2017 Jul 3, 4:55pm   ↑ like (0)   ↓ dislike (0)     quote        

Math homework.
If one buys at a 75% drop,what % increase to get back to the point before the drop?
A.- 300%
B.-Doesn't matter,it can happen overnight.
C.-Rigged market.

4 BayAreaObserver   ignore (1)   2017 Jul 3, 5:02pm   ↑ like (0)   ↓ dislike (0)     quote        

Looking at the Market Watch chart I am starting to think that somehow the P/E ratio and even that doesn't seem correct is what is showing up in red on the yahoo chart. The P/E ratio on the Market Watch chart is showing 179.45.

Not sure I'd be putting my full faith and confidence in yahoo for stock information at the moment..

5 Strategist   ignore (0)   2017 Jul 3, 6:11pm   ↑ like (0)   ↓ dislike (0)     quote        

Just a glitch. The whole stock market would be crashing otherwise.

6 FortWayne   ignore (0)   2017 Jul 3, 6:32pm   ↑ like (0)   ↓ dislike (0)     quote        

Finally it's on the news, it was a glitch. They didn't say a damn thing for hours, I was worried.

7 anotheraccount   ignore (0)   2017 Jul 3, 6:39pm   ↑ like (0)   ↓ dislike (0)     quote        

Google Finance shows AMZN, MSFT, AAPL all at 123.47. This might make retail investors panic on Wednesday. Someone at Google better fix it

8 TwoScoopsMcGee   ignore (1)   2017 Jul 3, 8:30pm   ↑ like (0)   ↓ dislike (0)     quote        

Not at 123.45. Very confidence boosting...

9 APOCALYPSEFUCK_is_ADORABLE   ignore (5)   2017 Jul 3, 8:37pm   ↑ like (2)   ↓ dislike (0)     quote        

It's a piece of shit that's never made a margin worth the name, like half the tech stocks.

Stock up on FACE! marinades.

LONG: Belt-fed ammo and yams.

10 anotheraccount   ignore (0)   2017 Jul 3, 8:37pm   ↑ like (1)   ↓ dislike (0)     quote        

TwoScoopsMcGee says

Not at 123.45. Very confidence boosting...

12347 is a prime number 12345 is not.

11 lostand confused   ignore (0)   2017 Jul 3, 9:09pm   ↑ like (0)   ↓ dislike (0)     quote        

APOCALYPSEFUCK_is_ADORABLE says

's a piece of shit that's never made a margin worth the name, like half the tech stocks.

Yeah, i really do not know why it is valued so high. Just a comparison between Amazon and walmart-this is of 2014 and its valuations are even more crazy now.
https://revenuesandprofits.com/amazon-vs-walmart-revenues-and-profits-1995-2014/

12 APOCALYPSEFUCK_is_ADORABLE   ignore (5)   2017 Jul 3, 9:19pm   ↑ like (3)   ↓ dislike (0)     quote        

Yes, the stories of OMG! AMAZON made eleventy-two cents on revenues of 142 billion! I'M TOUCHING MYSELF! are always a hoot.

13 Bellingham Bill   ignore (5)   2017 Jul 3, 9:27pm   ↑ like (1)   ↓ dislike (0)     quote        

picked up 50 shares of AAPL this morning, checking AAPL after work at Starbucks (I don't have a dataplan) I really, really shit a brick.

I've seen AAPL lose 50% in one day before (Sep 29, 2000), so I was thinking some really bad announcement came out or something.

Took AAPL 4 years to get back to where it was mid-2000, before the last of the iMac buzz faded.

iPod did it for them too, really wasn't expecting that at the time.

14 NuttBoxer   ignore (1)   2017 Jul 5, 11:57am   ↑ like (1)   ↓ dislike (0)     quote        

FortWayne says

it was a glitch.

Buy the glitch!! New mantra for the rigged market...

15 FortWayne   ignore (0)   2017 Jul 5, 11:58am   ↑ like (0)   ↓ dislike (0)     quote        

You can't, they reverse those transactions or don't let them through

NuttBoxer says

FortWayne says

it was a glitch.

Buy the glitch!! New mantra for the rigged market...

16 APOCALYPSEFUCK_is_ADORABLE   ignore (5)   2017 Jul 27, 5:42pm   ↑ like (0)   ↓ dislike (0)     quote        

Amazon is a piece of shit play for people who want to take a bet on the company destroying all hardgoods and grocery retail and replacing it with a monopoly on home-delivered crap.

You're better off investing on industrial robots and Fedex.

17 someone else   ignore (0)   2017 Jul 27, 7:13pm   ↑ like (0)   ↓ dislike (0)     quote        

APOCALYPSEFUCK_is_ADORABLE says

You're better off investing on industrial robots and Fedex.

Got UPS, but thanks, FDX also a fair bet. Will make a note to buy on the dip.

What's a good public industrial robot company?


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