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Amazon.com Inc. Message Board

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  • pjlouie13 pjlouie13 Nov 21, 2012 11:11 PM Flag

    will cover some at 220.05

    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

 
AMZN
327.92-2.05(-0.62%)Jul 10 4:00 PMEDT

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