Schaeffer's (link) says AMZN Amazon is the target of put buyers and short sellers. It wasn't enough for the stock to jump and demolish an army of bears. New bears are lining up, or old bears doubling their bets. Odds favor another spike up, or sideways action. Any corrections will tend to be shallow as all those bears will want to cover. As of this writing 18% of the entire float is now short, a number that has gone up considerably from the day the stock jumped.
As I always say, calling tops is a dangerous and rarely profitable game. A lot more would be top calling bears will likely be wrong before the top in AMZN is in.
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