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Amazon.com Inc. Message Board

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  • geegenjar geegenjar Nov 21, 2012 8:43 PM Flag

    Shorted at $ 230-- Need some input ( I had bought Jan 220 puts at 6.55, now at 4.20 in 2 days)

    "Can some body guide is there a possibility for this to go below $230 next week"

    Of course, it's possible, but highly unlikely.

    The whole market is rigged. Don't you see fundamentals don't matter at all? Forget about "Fiscal Cliff" and that kind of #$%$.

    AMZN always swings at least $3 almost every day.

    So this Friday or Next Monday, she may dip $3. Just cover (sell your puts) and be happy you didn't lose all.

    Remember, you have already lost this round. Give up the idea of breaking even.

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    • Ok agreed, i don't think of break even, but seriously do you think that it might come below $230 by Mid Dec, it won't breakeven because still i might loose 10-15% because of the decay on options. Give me an honest answer, i think you are a bull, biut still i would like to hear

      • 1 Reply to viking.trader
      • "Ok agreed, i don't think of break even, but seriously do you think that it might come below $230 by Mid Dec, it won't breakeven because still i might loose 10-15% because of the decay on options."

        What's with mid-December? If AMZN keeps going up, she could be hitting an all-time high then.

        I know you're in pain, but you still have about 2/3 of your money. Just liquidate and wait for the next trading opportunity.

        Look at how the short camp is crowded with clueless people like techstrategy and philandjoel1e. Do you really believe we have people who are dumber than they are are out there en masse? They have to come in and sell in order for AMZN to drop sharply again, you know? Don't you think for now all dumb people have shorted?

        For AMZN to go down hard, somebody (or robots) must sell. Do you know for sure somebody will anytime soon? I don't.

        Again, AMZN always fluctuates a few bucks every day, up or down, and AMZN has gone up for four days in a row. A little pullback here is very likely. So, she can test 235-236 this Friday. If that happens, don't think and just liquidate your position, take a rest and wait for the next trading opportunity.

 
AMZN
330.54+4.00(+1.22%)Nov 20 4:00 PMEST

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