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Amazon.com Inc. Message Board

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  • philandjoel1e philandjoel1e Sep 18, 2012 4:24 PM Flag

    $266 will be tested tomorrow.

    Tech,

    Dont be a dummy.... This pig has already topped.... Stick a fork in it - its done

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    • Sybs:

      It should be done. If the institutional longs are ever going to get real investors to come back into the market, they gotta quit playing these games and let the MOMO crap go. Everyone knows it is a scam and it keeps people away from the market because everyone immediately thinks back to dot bomb days. But, at this point, I'm not sure FMR, Capital World, State Street and others really comprehend the long term damage they are doing to their assets under management (continuous redemptions and withdrawals) because they are allowing a few growth fund managers and some quant/algo funds to push the limits of collusion to juice ST returns.

      Unless and until they get it, those fund managers will push the limit until these break, and that could easily be north of $275. They are running the EXACT same channel signalling scam here that they did with CMG (although running it faster with the QEdrenaline)... It bounced today and based upon previous patterns, I could easily see it hitting the upper BB north of $265. I'm not the least bit concerned. I have plenty of dry powder to see this scam through to the end... In fact, I will be adjusting strikes without doubt and will likely be adding to the positions as well...

 
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