Prices of AMZN and GLD on October 26, 2012 and July 24, 2015:
Oct 26, 2012 228.60 238.71 226.69 238.24 11,367,500 238.24
Jul 24, 2015 578.99 580.57 529.35 529.42 21,767,500 529.42
Oct 26, 2012 166.23 166.60 165.77 165.93 6,441,300 165.93
Jul 24, 2015 103.61 105.59 103.43 105.35 11,442,700 105.35
If you had $10,000 in AMZN shares, 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 $6,349 in GLD shares today, July 26, 2015.
If you did nothing (ignored techstrategy's advice and didn't sell your AMZN shares), you would have $22,220 in AMZN shares today, July 26, 2015.
Which would you rather have today, $22,220 or $6,349?
optionmaster1: "Um, no. AMZN can go up 100 points and then I can double my position, and then if it doubles from there and NFLX also doubles, and my long positions don't follow suit, I could begin to feel a squeeze."
Opens at $529.14.
Then dips a little more.
Shorts here get excited. Some add to their short position instead of closing it or lightening up.
I start buying AMZN calls around $528.76.
As soon as I finish buying calls, AMZN starts bouncing back. She will test $552.42 by the next Friday (July 31, 2015).
I will make money this coming week, but shorts here won't.
As simple as that.
You're wrong just like all other shorts here.
Didn't you notice that the decline was very gradual? It was simply a profit taking happening on a big down day for the general markets.
. . . I had thought that shorts here are the stupidest people I've even encountered and they couldn't become any more stupid.
Well, after this past Friday (7/24/15), they became more stupid. Just because there was some profit taking, along with weakening general markets, shorts here are "convinced" AMZN will collapse finally. Shorts here never cease to amaze me with their stupidity. No wonder they always end up losing money long-term.
Shorts here are the weakest form of human beings I've ever encountered in person or in cyberspace. They never admit their defeat. They change their reasons for shorting AMZN if AMZN's price level changes upward. (Always, they start with AMZN's high P/E. If that fails, they start throwing in everything they can get their hands on, like a general market's inevitable collapse due to financial problems some countries we don't care about are having (like Greece?), etc. When everything fails to bring down AMZN and they know they are not gonna make whole, they start blaming others (like "the cartel," the SEC, analysts, etc.).
Yes, I would if I'm assured by a certain group of people that I trust that I can sell it for $120 in a certain amount of time, say 3 days.
Being near bankrupt, Yahoo often cannot pay for some servers used in the networks they use. When the required payments for the use of these servers are not made on time, they're dropped from the networks. When they are dropped from the networks, new posts processed by these affected servers behave erratically.
She was told by her broker yesterday (7/24/15) that she couldn't short AMZN (to average up her shorting price) because her account didn't meet the margin requirement anymore.
Don't laugh at her, shorts. She is just another prime example of yourselves.
But you guys have been claiming that AMZN is rigged by a group of sinister people.
You can't have both ways, you know. It's either AMZN is manipulated and doesn't behave based on fundamentals or AMZN acts "normally," based on fundamentals.
The tragedy of shorts here is that they don't know what they are betting on. There's no way this kind of people can ever make money in this game consistently.
Your model is as stupid as all shorts here.
Those who shorted yesterday (7/24/15) may have made money by the close that day, but how many other shorts who had shorted prior to yesterday are deeply in the red?
Now that AMZN got many traders' attention, she will fluctuate well for weeks/months so that many people will participate betting on the upside, the downside, going sideways, etc., and that what the manipulators want. Many people will lose money while manipulators will make a lot of money and hopefully, I'll make some money.
Sorry, I had been busy taking care of my AAPL positions.
I forgot to mention that on the expiration day, the deeply in the money options don't have much time premium left. So in your case, time premium could have been almost zero this morning.
Did you sell at the open? I hope you did.
Optionmaster1's account shrinking steadily.
The stocks he is long have been steadily losing their values while the stocks he is short (AMZN and NFLX) have gotten stronger.
AAPL will test 119 something.
Nothing out of the ordinary is going on with AAPL. It's just tracking the DOW or leading it. Hahaha . . .