to say that I believe AMZN is heading lower from here folks...pretty big sell off after earnings...small bounce here with S@P at all time highs today...250 is an obvious big yardstick but unless we have a blow out number for jobs tomorrow...
the entire market is way overdue for a pullback and stocks whose earnings have been light, and who let's face it is way overvalued as it is now...will be the first and hardest to fall...
for a clue...look at the 245 Put volumes today when the stock and the market overall are going up...this is a set-up for a fall
This is why you need to buy longer term puts or just straight shorting AMZN because bulls have run this scheme for such a long time. They won't give this up without a fight. Even long term trend has reversed to down side, there will be volatility ahread, until most longs give up. See Gengeejar's posts, and you will know they are nervous but will fight, at least initially with their profits accumulated since 2009.
I shorted LNKD in Feb 2012 and held tight only adding to the postion throughout the year.
Lost 4 grand in the end closing it out in Dec 2012, lucky I closed it out now hit $200 today, nuts
But looking at trades during the course of the year, I realized now that if I took some short term profits here and there. I would have been able to manage the bad position better for a smaller loss.
What does AMZN got going for it other than fed banks printing money?
Every stock has that right now, big deal
who here would take advice from someone with the username lee majors?? lol! i rather take advice from the two financial analyst's who both gave a buy in the past two days and not one sell from any analyst since earnings announcement