Stock Market Analysis – 10-23-2008
October 23, 2008 at 9:34 pm · Filed Under Broader Market
The volatility continues to amaze as a late run turned a huge negative day into a positive. One stock that impressed me today was AMZN. After an after hours earnings call yesterday that gave great earnings but a weak outlook, AMZN plunged and opened down over 13%. Aided by the late surge, AMZN ended up closing slightly positive today. Is there that much support here at $50 for them? It will be interesting to see how the holiday sales go this year.
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