AMZN Earnings Play

Quote from pumpanddumper:

Fucking waterfall. Awesome!
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Do you remember that just 2 Q ago the stock shot up from $35 to $50 and then $70 and then to $101 just because they had good sales on Harry Putter's book? Well maybe those days are over or the results were extremely priced in so even if hits $55, it is an overpriced stock with P/E of over 50
 
Quote from hajimow:

My feeling on AMZN is that basically the big investors are done playing with AMZN and want to get out for at least till the next Q but they want to keep the excitement high among the small investors and show it as a hot buy now so that they can unload their shares. I see another $15 torture drop in the next 2 weeks.
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upside trade is twice as much as downside trade ... keep buying those sells ... ya amzn is gonna go back to 100 soon :D ...
 
Quote from Comanche:

OUT!! +104.58% one day gain! Thank you Amazon, come again.
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That is exactly what is happening. Traders like you are getting out with hefty profit and there are some short coverings and some dumb bargain huntings. Soon, these fake buyings pressure will be over and we will see another slow trend of going down. That is why I said another $15 drop in 2 weeks.
 
Quote from hajimow:

That is exactly what is happening. Traders like you are getting out with hefty profit and there are some short coverings and some dumb bargain huntings. Soon, these fake buyings pressure will be over and we will see another slow trend of going down. That is why I said another $15 drop in 2 weeks.
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I don't disagree with you, but I have a rule that if I make 100% or greater in a 3 day window, I take profit. I will let the pros fight for the next trades here.
 
Quote from Comanche:

I don't disagree with you, but I have a rule that if I make 100% or greater in a 3 day window, I take profit. I will let the pros fight for the next trades here.
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You did a great job by taking profit. I would have done the same. I was just analyzing what is happening now.
The reason that AMZN hit $100 was just a wish or a target by longs that happened. It did not have anything with valuation of the company. It was just a psychological target.
 
Quote from hajimow:

You did a great job by taking profit. I would have done the same. I was just analyzing what is happening now.
The reason that AMZN hit $100 was just a wish or a target by longs that happened. It did not have anything with valuation of the company. It was just a psychological target.
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as I said before it was some hedge fund betting to see if they could get it to 100 before earnings and then short from there ...
 
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