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Amazon.com Inc. Message Board

  • A Yahoo! User Nov 23, 2012 4:47 PM Flag

    Cyber Monday 2011 Repeat??

    It was up 6%+ last year = 255...no reason to think sales were lower...shorts should have covered...Fast Money guy said Short all week = fool...

    Sentiment: Buy

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    • it was up 6% last year !!!! huuhhhhhhhh, try again............

      • 1 Reply to optionstrader008
      • 2011 High was 246.71 on 14Th of October , thereafter it fell continously till $182.39 on 25th November, it was 30% down free fall than it gained 8% gain in after thankgiving $196 and thanagain it fell to new lows towards the end to $173, the setup seems same as last year. Last quarter results were not that great, Fisacl cliff wil make markets more volatile in Dec. Further AMZN has been continously rising 5 days in a row with 10% gain along with S&P gains of 5% in a row. S&P and Amazon both are very strong resistence level of $247 for amazon and S&P at 1433.

        I don't say on monday there isn't a possibility of upside, i don't have the money but any upside on monday in AMZN would be a perfect short opportunity even for a short term perspective. Be careful for any long positions beyond S&P 1433

        Fiscal cliff be not get over smoothly.

        Sentiment: Strong Sell

 
AMZN
429.23+2.66(+0.62%)May 29 4:00 PMEDT