Don't you see that AMZN's price has nothing to do with its fundamentals? Shorts hear have been claiming for years that this stock is rigged (manipulated). So why do you shorts keep shorting this stock based on fundamentals? Also this post of yours is not even AMZN specific. You shorts short AMZN claiming it's too expensive (based on what else, p/e). Then her price goes up, then you shorts switch to macroeconomic reasons to "stay" short or add to your losing short position. With this kind of attitude (no discipline), there's no way you shorts can make money on a consistent basis.
He tapped into his real working capital (that he uses to run his business) to add to his AMZN puts position this week.
He lost a significant portion of his real working capital in addition to losing all of his trading capital.
He won't be able to buy good he sells through eBay and Amazon as much as he could before this week's disaster with his AMZN puts position.
As they say, "Never mix business with pleasure."
I'm actually thinking of buying puts today. I think there's a decent chance AMZN will plunge towards the close today.
That means that I should buy calls?
I guess nothing has happened since I left.
Getting mighty interesting.
Something will happen.
I'm pretty sure.
Watched her over 2 hours.
There were some missed opportunities.
I don't see anything developing now.
I'll take a break. Good time to have something to eat.
(Of course, I'm all cash. No exposure one way or another.)
Good luck to all.
I was a fool to expect this magnificent stock to pull back that much.
I should have resorted to "Buy High, Sell Higher."
What I saw yesterday is not here this morning.
All bets are off.
The good thing is that I'm all cash.
Unless I do something, I won't lose money no matter what she does today.
On the other hand . . .
Shorts here are in trouble again.
Every uptick will mean more loss to them.
Well, this is what happens when you hang onto your losing position too long.