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Amazon.com Inc. Message Board

savoir_fare2003 1 post  |  Last Activity: Mar 24, 2015 3:51 PM Member since: Jan 14, 2004
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  • savoir_fare2003 by savoir_fare2003 Mar 24, 2015 3:51 PM Flag

    Great indicator of where AMZN is going: Go opposite the majority of posts here. Last I came, 'Tech' and friends were screaming below 280 we go. They're not here now. (280? lol, and I am sure they shorted all the way up and made money too) Smart money is off the table now around 380. Rotate to other securities. Don't need to pick a top; just pick a winning direction.

    Chart looks good - trend up but ~387.50 is key resistance. Golden cross @ 383 on Feb 19 interum resistance. MACD histogram setting up for a move up. If I played it here buy Apr 380 sell 385 for about 1.70 or a strattle Apr17 385-360 could pay nicely. Short term strattle buy wc375 sell wc377.50 for 0.90. Looking for a 377.50 pin at weeks end.

AMZN
370.56+3.21(+0.87%)Mar 27 4:00 PMEDT