Shares of Amazon (NASDAQ:AMZN) trade around $250 as I write, more than 10% under their Aug. 3 closing high of $284. 02. And they dipped after the company's third-quarter report on Oct. 29, even though Amazon had the highest operating margin in its history. Before that report, I said I'd buy half a position ahead of it and the other half after. I also listed what would make me skip the second half: growth at Amazon Web Services (AWS) dropping back toward 20%, or operating income landing below management's guided range of $22. 5 billion to $26. 5 billion. Neither happened. AWS grew 39%, and operating income was $28. 1 billion.
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