On 2/9/2016 you could have bought this overpriced stock for $474 and everyone would have called you a fool because it had dropped from $638 in just one month. Three and a half months later it is at $700 and still moving up. When will it take another $150 hit. My guess is we will see $1,000 before that happens.
A review of the open interest in calls and puts seems to indicate that a close at $705 will yield the greatest profit to those that manipulate the price of the stock.
For the past 150 years we have had a President that abused his power and targeted individual companies. If Bezos is as smart as we think he is he will not mess with Trump.
I dropped out of the Republican Party ten years ago because they were leaning toward One World Government. Trump seems to be in favor of returning government to the states, and counties, and school districts. That is why the Republican establishment is not in favor of him. Trump has to change his positions. After all he is a life long Democrat just like Reagen was.
Trump's tax returns are none of our business. We wouldn't understand them anyway. What do you know about the Alternative Minimum Tax? It makes little sense to me and I am a retired CPA with 50 years of tax business behind me. Fortunately the tax software figures it out so I don't need to understand it. A promise to do away with the income tax is one of the main reasons to vote for Trump even though he won't have the power to do it by himself.
I hope that Trump has not forgotten his lines from Television; "you're FIRED". It will come in handy when he is President.
I hope you watched and learned as it dropped $15 more dollars from when you posted that the dip strategy was over.
If you play chess with your computer you will find they always win. The first half hour today is the largest half hour gain in the past ten days. It could very well be the reversal of the downtrend.
Those who control the price of AMZN make their income on options. Some weeks it is on calls. It looks like this week it is on puts. We will likely close around $725 on Friday.