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Amazon.com Inc. Message Board

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  • kenji100 kenji100 Nov 21, 2012 7:25 PM Flag

    will cover some at 220.05

    Congrats rimm at the cover , this thing is still not giving up, lol 10 billion jump in a week, a profit amount amzn would likely not see if you add up the next 10 years. Happy thanksgiving to you rimm, tech , suffering shorts and the pumper longs.

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    • Kenji,

      This 10% jump in 5 days equates to an annual return of 500%. So needless to say your going to see a correction next week. AMZN doesn't trade on fundamentals just ask Nasdaq6K. It's a trading stock. Any trader with a 10% gain will not give it up. Once the momo stops this pulls back hard. We are at a major resistance point, 3rd time at this level. Unlike last time we are on a down trend. Failed to break it today. Loaded up in a big way today in the 237-238.50 range. Patients and leave some capital in case it goes higher...but I doubt it. Have a Happy Thanksgiving! - PJ

      Sentiment: Strong Sell

    • hi kenji, i shorted back too soon, now not feeling too well like many other shorts. I guess that
      is the price to pay for being short. hope amzn's down days will come sooner than later.
      happy holidays!

 
AMZN
536.15-0.61(-0.11%)Jul 31 4:00 PMEDT