"I didn't say they were going to do that --- I said that's the worst case scenario, not $70."
No it's not. Maybe Bezos will get caught with a dead hooker. We could get nuked. Then it goes to $0. But I don't think we get nuked either, so I don't factor that into my trades.
"You can't entertain the thought of this stock being under $70 7 sessions from now?"
Anything is possible, but I don't trade on that. I trade on what I think WILL happen, not what I think CAN happen. And BTW, I will make MORE money at $70 than I will at $75. I will make NOTHING at $80. So, let's both hope for this mythical warning to occur.
Not even God Almighty can bring this down. And if He tries anything stupid stunt like that he would have to face the wrath of Bezos and MMs. Bezos would punch Almighty so hard that His face would turn 180 degrees and stay there.
I didn't say they were going to do that --- I said that's the worst case scenario, not $70.
You can't entertain the thought of this stock being under $70 7 sessions from now? Or the stock taking a hit on a low volume day?
"$75 was supposed to be support now, remember?"
The $75 area has already acted as support, just as it was resistance before. We have had 2 bounces off of 75.50 and one off of 75. Eventually, that support will fail. But that does not mean it did not act as support (just as 75 acted as resistance). Does it happen before opex? I don't think so, but I'll be very happy if it does.
"Worst case scenario is that AMZN would announce their numbers are going to come in at the low end of their guidance range they provided."
Well, you have just shown how clueless you are.
1) AMZN estimates are so low, they will easily beat. Do you have any idea what the guidance they gave was?
2) AMZN never warns. Period. Ever. They just let analysts bring down estimates for them.
3) It's too close to earnings for a warning.