Amazon shot up like a clown out of a canon today. A massive and enthralling move on gigantic volume. Now the Street.com report mentions a drastic tax rate difference year over year of 23% now versus 47% last year as one explanation for the big increase in reported earnings. Others suggest a short squeeze was in play today on the stock. Finally, others mention how their spending on technology and content is driving their recent success. Whatever the case, it was a pure melt up in the shares. Could this be a harbinger of good things in store for technology?
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