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  • kenji100 kenji100 Mar 4, 2013 3:55 PM Flag

    sell aapl buy amzn and lnkd

    This market is crazy. This thing moved 20 points and billions of dollars so easy lol.

    Nasdaq wasnt around at 255 but i see him pumping today.

    Still waiting for the implosion day on crazy valuations like amzn lnkd etc

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    • Kenji:

      This is self reinforcing technical trading led by painted tape. It will end unbelievable badly. It isn't just crazy, it is predatory.

      AAPL of course down hard the past two days. They are trying to pull the rebalancing lever even harder. Like I said, should work for another month or two. After that, not so much.

      • 2 Replies to techstrategy
      • We shall see tech, the pumping has been amazing, this stock which shouldn't even be above 100 is getting treated like a large cap stock with earnings and dividends.

        LNKD which barely has earnings is a $20 billion company, ok.

      • Tech - why do you think the roatation stops? Apple blew through the $425 resitance like nothing - that was supposed to the hard stop, and I thought would end the roatation. I took a look at the % of apple money outflows that have moved to AMZN and tried to figure a top, but with $425 in the rear view mirror, net stop could be either $400 or next $350 (ouch) .. which would place AMZN near $325.

        At those levels, AMZN EV will be 75% of AAPL's !!!!!!!!!

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