Bouncing off the 200 MA. In at 219.81.
Sentiment: Strong Buy
I love it, you baggiez who think 2600 PE/100+ forward is cheap. Like P.T. Barnum said, "a sucker born every minute".
You love the fact that I just followed AMZN up and down and up and down for the past two hours and made 5.5R? Thanks, appreciate it.
The odds favor this trade....but....jack be nimble if it breaches $219 those algos will drop it quicker than you can say Amazon Prime.
The odds only favor this trade because everyone assumes all the matters is "technicals". The reality is that the big boys already unloeaded via the upper deck on this Titanic... Everyone is counting on purchases that won't happen...
Doesn't matter which way the train rolls as long as it rolls.
You will regret it in time... This is unequivocally NOT the stock to be long right now. But, I suppose like everyone else holding this stock, you're in it for a trade...
I won't regret it because I have a stop thirty cents below the 200 MA. No big whoop if it stops out. High probability trade.