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Customers purchase the new Apple Inc. 21, 2012. Apple Inc. Sign in / Join NowSummaryIn a recent article, we iPhone Cases noted David Einhorn had shorted Amazon, and we suggested readers shouldn follow his example. We argued the stock high valuation was unlikely to tank it.What could tank the stock, we wrote, was disappointing quarterly numbers. Now that Amazon has posted disappointing numbers, we discuss what they mean and update our potential return for it.We also update the status of the hedge we posted for Amazon, and discuss courses of action for hedged Amazon investors.Einhorn Versus AmazonIn a recent article ("Einhorn Shorted Amazon You Shouldn't"), we noted that value investor David Einhorn had disclosed that he'd shorted Amazon (NASDAQ:AMZN) in the fourth quarter of 2015.

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