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  • hawcreek12 hawcreek12 Oct 27, 2012 8:18 AM Flag

    AMZN price action not hard to understand


    It is clearly an illegal manipulation. Obama and specifically Bernanke want stock prices higher so they turn a blind eye.

    Most of the trades are fake, no stock has institutions chasing after a miss and a huge run.

    Does Amazon have the potential to be a great company? Absolutely in 3-5 years it could be actually worth $200, in 10 years $400, but that is so far from assured that it will be much lower in the interim at some point.

    With these momos they typically do not give you a chance to get out, they play the game, feeding out shares into momentum, then hold price while shorting on previous upward momentum. As each pull back is viewed as a "buying opportunity" they sell more.

    The market appears to be entering mark down phase overall. If it is it can be fast and furious. Hold'em if you got'em, just don't chase here imo.

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    • I added to my position at close. I will add much more Monday if it remains elevated. The overconfident longs are gonna get taken to the woodshed. I suspect the big shorts squeezed weak shorts out and used cheap calls to cover many more shorts, all while buying very inexpensive puts. I added 50% late Friday (although around $236, so I'm down on those). I will adjust the strikes on all my options Monday for black Tues/Wed. Pretty soon, we will see carnage from the behind the scenes battles amongst funds to juice performance, even when knowingly investing in scams like this. Those who bought Friday will literally have an IMPOSSIBLE task in explaining to LPs why they did when amazon does crater. It's cavalier. It's negligent. Not one would do it with his/her own money. Responsible LP's should be closely examining this event. It will tell them a lot about the true character of the people managing their funds... even if it worked for a day, it will lead to massive losses in time.

317.94+2.610(+0.83%)11:40 AMEDT

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