What you call a horizontal line has actually dropped $12 from the open. If we had bought puts we would have made a very nice trading day. Unfortunately, "they" have us spooked.
I thought this was a screaming buy at $452 and now here it is selling for more than $20 less only two days later and there are hardly any buyers, even with the broader market having an up day. Sure looks like some people got trapped believing in all the rhetoric last Friday.
At some point this is going to hurt this Company. I suspect that Amazon is a front for organized crime. I've been dealing with counterfeiters selling our product for 7 months. Amazon does nothing to stop it. The crooks never investigate themselves. Are you long Amazon?
had to refill that huge gap from $390 close Thursday to $440 open on Friday. Goes to maybe $425, then back to $455. That's the likely "reality" short term,
At 10AM Friday the peak was reached and it has been down hill ever since. At 11:40 today the post report low of $432.42 made it a $20 drop in less than three days. If we continue this rate of decline, Amazon will be selling for its fair market value of $20 before the next quarterly report.
I meant CSCO May 15th $29 and $30 Calls
That would be my normal approach but I have stumbled across two Nexuses that I am sticking with.
The first one was to buy the $400 AMZN calls prior to earning. I made 370% in one day.
I feel equally as good about the CSCO May 15th $29 and $30 options. I am going to stick with my hunch through earnings.
For CSCO, INTC, MSFT, you can just buy the stocks instead of the options. Those stocks all pay you decent dividends so it's a win-win move just buying the stocks; you will much better off by adjusting your holding to non-speculative entities at this juncture of market.
Buy the May 15th $29 and $30 CSCO calls.
CSCO going to $35 plus post earnings.
Amazon trying to go after Alibaba with a b2b marketplace shows that growth from the consumer has stalled. Amazon business is definitely a lucrative market and ripe for disruption, but this company is telling us they need growth and has to look beyond the consumer. To win businesses, they will have to offer better price and shipping, which ultimately means further loss for Amazon to win marketshare...
Ahhh..big difference between smart and lucky. No intelligent real investor would be buying this stock with ZERO earnings. Totally silly. Luck.
Amazon is the poster boy of the bubble...............years of losses and its 440..................hehehe........not sure when..but lookout below...