Girls, The AMZN TECHNICALS clearly indicate GAP UP MOVES for the remainder of 2015, with a price target of 1200 or HIGHER by the end of DECEMBER!!! MASSIVELY BULLISH...and in the money AMZN CALL options will explode in value, again!!
MEGA BULLISH, and the only variable is "when," not, "if." This is a RISK FREE stock in every aspect, and you can buy AMZN stock or in the money AMZN CALLS and be 100% CERTAIN that they will trade far far far higher by the time August 2016 arrives.
Amazon may go to 2000, but it will have nothing to do with fundamentals or making money. Keep buying toilet paper, because Amazon loses money selling processing and shipping you the toilet paper and pears you don't pick out yourself. There are also many entering this cutthroat low margin business and more in the future. It will be interesting to see how this comes down. They are banking on Amazon Prime and ancillary stuff they can tempt you with. So just sit in your easy chair and don't go anywhere.
WARNING: POST EARNINGS price target = 725 OR HIGHER by the time FALL SEASON arrives!!!!!! GUARANTEED per the MEGA BULLISH TECHNICAL PICTURE!!
Tried to warn my POOR sweet amateur AMZN, Dow, and Nasdaq BASHER SUCKERS and BASHER BOOBSTERS, again:
take note, ladies....AMZN is valued in terms of market share, NOT in terms of profits.....as long as its market share increases, as it does, again and again, the great stock will continue to jump through the roof and WIPE OUT the AMZN PUTS, forever purchased by my POOR sweet amateur AMZN BASHER RETARDOS and BASHER LOSERS! LOL
The AMZN TECHNICALS clearly indicate GAP UP MOVES for the remainder of 2015, with a price target of 1200 or HIGHER by the end of DECEMBER!!! MASSIVELY BULLISH...and in the money AMZN CALL options will explode in value, again!!
REVISED price target by the start of FALL SEASON = 650 OR HIGHER!!!!
Thought I might actually make a profit with this pos today. Goes down when I buy...goes up when I sell. Of course it goes up 5 bucks after I limit out. This market is ridiculous.
It is The Fed's money, specifically people's money in Wall Street's hands. You can be bold to buy using other people's money. If you win, you get the fat commissions. If you lose, well, it is other people's money.
Never seen so mucjh stupidity. Never ending. Shorts had them down big earlier and they should of finished pounding them into minus territory. All program trading probably countered it. So much for rational stock markets just all trading games for cents not dollars.
Imagine the market end up slightly green and totally flat tomorrow. MM will make a lot of money in the last 2 days of the week to compensate their payout on Wednesday.
Those who buying such scams are lemmings who gets sucked by analysts and media . they are to dumb todo their own dd .
Sentiment: Strong Sell
I would sell 9/2 $500 calls and next week buy them back on the dip that is almost certain. You can get $2,000 per contract and $600 of that is time premium that will decay in 7 days to zero.
It is a bit of a scam but here is the way it works. Institutions own 80% of the shares and, for most of them, there investment is below zero. This is because they sell covered calls every week and those calls always expire worthless. By keeping the stock price fluctuating wildly the premiums on the options are kept high so they make millions every week. It doesn't matter to them that Amazon is not profitable.
I put an order out there to cover with $550 calls, but at a price that would probably happen with a stock price of $520.
Hopefully that will fill maybe today or tomorrow. Then if it does drop, I'll buy back the $550's at a lower price. If not, I've locked in a really nice gain. Seems like a good "middle of the road" kind of idea...