Who's the real loser here?
I lost a little bit of my capital buying/selling calls last Friday, but I got back to all cash. So, no matter what happens this coming week, I won't lose any more money unless I make more losing bets.
On the other hand, you and all other shorts here have been stuck with massively losing short positions for about two months now, and you all know that every uptick from here means more losses to you and there are really no signs that AMZN is going to crash (that you desperately need at this point) any time soon.
As I've been saying for years, you shorts are jellyfish that just drift with "currents" in the stock market forever without any realistic purposes or goals after getting stuck with your losing short positions.
Thank god, AMZN didn't even test $527.04 today.
If she did, I probably wouldn't have recovered any of the cost of the calls I bought today.
I got lucky.
I can tell by looking at the posts of this message board. Essentially no posts by anyone else (except spammers).
Even though I lost money on AMZN calls today, I'm pretty sure I'm doing better than most here, longs or shorts. If they were making money (and having fun), they would be posting more. AMZN has been in a consolidation period in which those who try to follow any "perceived" trends tend to lose a lot of money because there's no trend!
destroyer_of_teabaggots: "The musical chairs game ends at some point."
You don't know when this "musical chairs game" ends. So why are you hanging onto your losing AMZN short?
Timing is everything in this game, you know.
Blust34442, thanks for your post. It gave me the courage to stay with my position long enough. I sold for a small profit. (I almost sold for a small loss.) Good luck with your position/s.
Shorts here never get embarrassed because they're jellyfish that are just drifting forever without any definite purposes or goals in life.
I'm still all cash.
I want to buy AMZN calls or AAPL calls.
Waiting for the next call buying opportunity.
If shorts here can sit tight for a couple of hours, AMZN should come down a little.
You have to keep dancing hard, shorts.
You were doing fine until yesterday morning.
Start dancing hard again.
You can do it. Believe in yourself.
The devaluation of yuan is a double-edged sword for Amazon:
1. If Amazon doesn't pass the savings on to their customers (by not lowering the prices of the Chinese goods they sell), the margin will improve.
2. If they pass the savings on to their customers, Amazon's revenues will diminish.
As people are conditioned to care about Amazon's revenues growth than earnings growth, if the 2 above occurs, it can be perceived negatively.
However, since AMZN is rigged to the core, we don't need to worry about these things. Fundamentals don't matter. AMZN's (stock) price is dictated by its manipulators irrespective of any fundamentals.