Check out PCLN. Up 156 points or 14%; 8 days in a row of up every day. Added $8 billion to market cap in a week and its sales are only 7 billion. Scary stuff and it was on no news at all. My guess is we see markets weaken next week. Not predicting a crash, just some slight correction.
Agree with you that it's likely to see some downward pressure next week and I'm counting on it. I'd be thrilled with down 20. Good luck to us all. We need it with this stock.
I remember the days when AMZN would go up 10 straight days. I always wondered who was buying on that 10th day when they could have bought earlier. Now up 155 points in 7 sessions. Simply amazing and we have 4 more trading days before earnings,
Just realized the INCREASE in market cap in the last 6 days is greater than expected 2014 SALES! Now THAT'S momentum. Whoaaaaaa
Monster performance and that's on NO NEWS! This could be setting up for a big fall next week if it misses. On the other hand, seems like most of a beat is baked in. Gotta admit I have no clue on how this is gonna move though. Congratulations to all who just held on to this through the past couple years. Wish I had been one.
I made the mistake of shorting just a few shares an hour ago and am already undewater 5 bucks. This thing is an absolute BEAST. Shorting any meaningful number of shares is nuts right now. Maybe at 1500
He was right in 2010-12. AMZN on fire and crushed lots of shorts. I was not one of them fortunately, although I did begin shorting in 2011 but only for short term swings. Now short since just over 400 and hanging on. Down 60 points but Nem is stubborn and won't admit this is a sea change. He's playing the same tune the shorts did from 2009-2012. Now the world has changed and AMZN in retreat. He's stubborn and hanging on. He's the techstrategy of 2014.
Jan 27, 2014 12:01 PM
Not good to see this big drop on a Monday of earnings week. Slight revenue miss or any kind of forward guidance on revenue that is short of expectations could drop this to 340. Wouldnt that be great. Short here and ahead but holding off covering until ER. 3 out of the last 4 post-ER moves have been blow-outs to the upside but my bet is we get some red on Friday
You jumped in long way too early. Buying a momo when the market is moving to "risk off" is very dangerous, and you bought at 365 and a PE of 620. You should have admitted your mistake and taken your loss. You have another 30 points downside risk short term and maybe 80 points over the longer run. Get out now
My guess is more to come. Im not counting on the implosion that some here are predicting (below 200), but I am holding out for another 30 points from my 400 short. Sweet ride down and all the former loud-mouthed longs are crickets (geegee, nasdaq, nemesis, ayatollah, bruce, etc).We have a beautiful combination of a bad ER with market turmoil that forces many to view AMZN's business model with a more critical eye. Interesting to see all the new posters come out when she moves big either way. Good luck to all, and congratulations to shorts for some affirmation finally.
This is garbage from a new poster who jumps in right before the cratering. I guess he replaces Nasdaq and Ayatollah. Too funny.5 years of "guaranteed" superbull running on this stock...right. Takes it to $800 billion market cap.Right.