Is it just me or does the Amazon and Jeff Bezos situation feel off? Whenever the stock tries to move higher, Jeff is there to act as a wall, directly or indirectly.
The first ceiling created 3 years ago was mostly because Bezos stepped down as CEO, appointing Andy as his replacement. This caused a lot of confusion for investors about the sudden change and new management.
Moving on to this year with the stock trying to break that ceiling. First attempt around February, again partly or fully blocked by Bezos selling shares and somehow leaking an email that involved him addressing his worries about Amazon’s position in the AI race. Second attempt of a breakout in past two months again blocked by him as he announces his plan to sell 25 million shares, all apparently with a limit order of $200. Completing refusing to sell below that price, therefore creating an artificial wall.
This all just feels too intentional and I get the feeling that he’s either trying to prove a point to shareholders, saying Amazon was better under his management or he has had a falling with Andy and is just being petty. I just find it weird that he’s always at the forefront of every failed breakout of the stock.
Note: these are just my thoughts, I’m still good on Amazon
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