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Signs of going down for AMZN

by Rick

AMZN Music Download Business will Fail and it will effect the bottom line. The cost of the rights to the music are enormous. You can already download all of the same music files from foreign distributors like www.mp3sugar.com for less than half of what iTunes or mp3.com or even AMZN will be able to offer.

AMZN will just be one in several hundred retail sources for downloads now, one in a thousand by the years end.

The unrestricted format is an attempt to undo the Amazon Unbox blunder that has plagued them and caused disgruntled e-patrons to find alternative download formats.

The Television Cable Service providers will be the next to have their hand in the music download sector. They have far more reach than anyone when it comes to marketing, and they also have far greater technology. Watch as they dominate NFLX,BBI and even TIVO in the coming years. AMZN is not a player in this and never will be.

No institutions are buying at this price.
Friday volume was only 9.9 million shares compare to average volume of over 13 million shares. It’s been trading over 20-40 million shares a day since the big pop up from 62 range and this is huge drop in volume from that point under 10 million shs. Everyone knows it’s overpriced and went down when other tech companies went higher Friday. It will be below 60 soon because when it falls, it will fall like hot knife through butter.

amzn1.png


Posted in Weekly Pick on May 28th, 2007

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2 Responses to “Signs of going down for AMZN”

  1. My Stock Winners » Blog Archive » The Best Time to Short AMZN is NOW –3/8 Says:
    October 8th, 2007 at 4:34 pm

    [...] be Continued…. (Meanwhile, here is a link to see my past articles of some good picks:) http://www.mystockwinners.com/signs-of-going-down-for-amzn/ Did You Enjoy this Post? Subscribe to My Stock Winners. It’s Free! « Back Home Posted in [...]

  2. My Stock Winners » Blog Archive » The Best Time to Short AMZN is NOW –4/8 Says:
    October 11th, 2007 at 12:53 am

    [...] all. To be Continued…. (Meanwhile, here is a link to see my past articles of some good picks:) http://www.mystockwinners.com/signs-of-going-down-for-amzn/ Did You Enjoy this Post? Subscribe to My Stock Winners. It’s Free! « Back Home Posted in [...]

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