Maybe Motley is not a fool after all. Or maybe he is. "But the company is still touting its nearly $2 billion in free cash flow as if it means something. It doesn't." Maybe he should have noticed that it meant a whole lot to those who won and lost when the stock jumped $40 in ten minutes.
It was at $322 in an uptrend before the earnings announcement and it took two months to reach $400. There were a few minor pull backs along the way. Don't expect $400 by the end of February if at all.
SEC is another example of your tax dollars not at work. AMZN manipulators sure know how to confuse anyone who attempts to apply logic. A turn down a half hour before the close may just be day traders taking profits but I doubt it.
Jealousy will get you nowhere. Next week there will be a little pull back to give us an opportunity to buy calls for less. The RSI may drop to 60 but there will be a bounce. The February 20th calls will provide time for the bounce.
It won't. The Relative Strength Index is higher than it has been since 2013 and at that time AMZN went over $400.
And still moving up more next week. It may take three weeks but it looks like we will exceed $400 again. I'm glad I waited to buy my leap puts.
I just made this up; Fools rush in where angels fear to tread. I will wait until it starts down to make my money on AMZN.
Well it is almost the end of "next week" and we still have $20 to go. Maybe we better say next week again. All indicators are that AMZN is still moving up even though the Stochastic is at 96, the RSI is above 80 so there is plenty of room to move up. We may even hit $400 next week but more likely that it will take three or four weeks.
Yeah that is what I thought and I sold my calls yesterday that would have tripled in value if I had them today. Already today almost five million shares have traded and I doubt that much of that was short covering.
Anyone who ignores Amazon's P/E long term is in for a real lesson in finance. Meanwhile, enjoy the rollercoaster. There is money to be made and lost here.
In just over an hour this morning AMZN exceeded the average volume for the past 30 days and is up over $6. I would not be surprised to see $370 by the end of the day. Amazingzon !!!