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Amazon.com Inc. Message Board

  • bbandassoc bbandassoc Apr 9, 2014 7:50 AM Flag

    Won't own it, but enjoy trading it

    This was a $400+ stock, but the fundamentals only justify perhaps $150 to $200 on the high side which just means this stock can go wherever the big boys take it and I have no conviction about the direction either way. However, it does make a lot of up and down movements most days, so it can be successfully traded long and short using momentum, overbought/oversold and price chart patterns without taking a stand on its long-term direction.

 
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