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Amazon.com, Inc. Message Board

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  • blust34442 blust34442 Dec 16, 2009 2:56 PM Flag

    HOW LOW WILL IT GO?

    AMZN is temporarily lifted by December option expiration. Watch it gap down next Monday. MM want it expire at $130. But we may see $125.

    AMZN is overbought. Into the earnings I am bullish and have $120 target. It hit that target next day then some. Momentum carried away. $145 is too good to be true. I really doubt many bulls will sell at that price. But pendulum swings both way. We may see lower $100's although I think the fair value is $120.

 
AMZN
725.68+10.06(+1.41%)Jul 1 4:00 PMEDT