Thank you, but $487.79 must be a typo. Today's high so far is $481.86. Still enough of a swing to make you some serious money with options expiring today.
On Fridays, the last 20 ~ 40 minutes can be extremely exciting. You can make a lot of money . . . with expiring options . . . if you get lucky.
I think it's too risky to establish new long positions now because any one of Finland, Austria, and Germany can vote down the idea of the third bailout program for Greece today.
If you're nimble, you can make money with puts even on up days. Likewise, even on down days, you can still make money with calls. Of course, you have to be content with capturing tiny/small profits.
Controlling the price has become easier.
AMZN may not drop in any significant way for a while.
She'll start bouncing around $3~ $5 in the next several days.
He was saying the same thing he's saying today (sell fraudulent stocks such as AMZN and buy gold) almost three (3) years ago.
Prices of AMZN and GLD on October 26, 2012 and July 16, 2015:
Oct 26, 2012 228.60 238.71 226.69 238.24 11,367,500 238.24
Jul 16, 2015 465.50 475.88 464.80 475.48 4,065,900 475.48
Oct 26, 2012 166.23 166.60 165.77 165.93 6,441,300 165.93
Jul 16, 2015 109.67 110.01 109.60 109.76 4,221,900 109.76
If you had $10,000 in AMZN shares and listened to techstrategy and sold your AMZN shares and bought GLD on October 26, 2012 [the day of techstrategy's post above], you would have $6,614 in GLD shares today, July 17, 2015.
If you did nothing (ignored techstrategy's advice and didn't sell your AMZN shares), you would have $19,958 in AMZN shares today, July 17, 2015.
Which would you rather have today, $19958 or $6,614?
Techstrategy's post on October 26, 2012:
Actually, when PJ earlier wrote he now hates Amazon, I thought same thing. The way we change the system is to vote your values with your wallets. If the stock manipulation has hurt you, don't buy anything from Amazon. More importantly, encourage anyone you know that might be long Amazon to sell the stock while the scam is alive. Let others hold the risk. Let's have retail get out at the top for a change. If you really feel that way, write an email and send to your friends and family. Explain to them what happened today and make sure they understand that the markets have become a game of simply trying to prey upon people rather than actually allocating capital to productive uses (else Apple would have gone up and Amazon down). Encourage them to pass it along...
If people are smart, they will aggressively pull capital from the market. Invest locally in people and businesses you know and trust. Invest in physical assets that cannot be controlled and manipulated by co-located servers having a structural information advantage over you.
I hope all of those that were hurt by this move (long or short) literally take the time to educate those around you. The markets have ceased to provide any value. The only times that the stock market truly creates value is with financings (IPOs, secondary offerings, acquisitions). The rest is simply redistribution from the general investing public to those that have rigged the game. You are much better off putting your money into local physical assets and gold for that matter (and yes, the physical kind that you control and that the HFT bots cannot take from you in a stop loss sweep).
The point is this. Markets respond to signals. When the institutions see people pulling funds aggressively, they will get the message and probably not before then...
He's been saying the same thing he's saying today (sell fraudulent stocks such as AMZN and buy gold) for almost three (3) years.
. . . $2~$3 . . . even on up days.
You might want to buy puts to capture these drops. If you do it successfully often enough, you'll make some money.