I am amazed inspite of bad results and all the other financials foigure not justifying and now 9% move in 3 days. Can some body guide is there a possibility for this to go below $230 next week
Sentiment: Strong Sell
"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.
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
Sybs lredicts it will drop below 230 on the 4th monday of Jan after your Scam optionz are rendered worthless.... Crack head optiinz traderz make it all worth while for fmr, llc... Its what makes their world go round... Good donation arsholez, keep betting optionz....
Scamazon should run out of gas this Friday. Just SSH 1K lot @ 237.65. All of my Scamazon SSH trades in 2012 were profitable (got out at 207 AH on day of earning report).
Will continue to reload @ 255 and 265. I see sub 230 by mid Dec. Also bailed out of GPRN today...~2.9 to 4.1. Don't need to be greedy in this game.
But do you strongly think it will go below Sun 230 by Mid Dec
My only worry is that at @1390 S&P AMZN is $239, if market starts pumping again where will it go?
Also by Mid Dec my Puts at $230 would be at 5-5.25, due to decay than i would need $225 to break even.
The only hope is Fiscal cliff talks fear an particulary AMZN realted bad news.
I am in deep pain, i shorted very early and went full on. Seriously what probability you think it will go below 230 by Mid Dec?
Sentiment: Strong Sell
Fiscal Cliff not resolved
Very High probability that there would be taxes on online sales ( which will be a big impact on Amazon)
Last 3 days the volume is low
Its less than 10% lower than all time high
50% gain this year( due to capital gain increase people may want to book profits , what happened with APPLE)
I just need to understand some pointers why this has become suddenly so strong.
I am so much stressed out, not just because of this trade, last one year was a hell for me.I am just hoping i just atleast come close to break even on this trade.I wouln't have mind if market rallied last 2 days and so would AMZN, but last 2 days S&P was 4 points up and AMZN 4% up, i am still not able to cope with that and technical level suggest 247 as next stop, which means i am done ( since i own options) :-(((. I am so much stressed out i can't think anything........
Sybs predicts it will drop below 230 on the 4th monday of Jan after your Scam optionz are rendered worthless.... Crack head optiinz traderz make it all worth while for fmr, llc... Its what makes their world go round... Good donation arsholez, keep betting optionz.... Sybs says its so "strong" to wipe idiots like you out so that sybs can make more money from shorting higher prices delivered by the blood of the dead novices and crackhead optionz trader... Thank you in advance.
because AMZN is the greatest short killer stock ever created in the markets. It's perceived overvaluation is used to allure in shorts while the float is very small with Bezos owning a huge amount to keep it that way. Then bamm!! shorts killed again and again. It's a short killer plain and simple and many rules that other stocks have to live with don't apply to AMZN. I wouldn't get caught up in minute details like sales taxes, hi PE, etc and understand there is more suppport and love for this stock with power awaiting to pounce and kill shorts at every juncture. just look at today as an example.. straight up. Jus one's vewi and opinion who's seen AMZN for years. How do you think it gets to 100's of times earnings and not only holds it, but expands it. It univerally loved and traded as a long vehicle mostly by the quick money.