Actually, since it painted that death cross on 10/10, 2 weeks ago, its been drifting up.
Sell this thing here @$1752. Its gonna drop. Bag holders are buying now, believing the hype.
AMZN
- Thread starter ETJ
- Start date
Sell this thing here @$1752. Its gonna drop. Bag holders are buying now, believing the hype.
Look at this...
https://www.amazon.com/Amazon-Prime-Air/b?node=8037720011
Dumbest thing I've ever seen. How much money have they blown on this? Yeah it sounds cool.... but come on.... one driver is making upwards of 400 package deliveries/day in season. I see dozens and dozens of those vans all over everyday. WTF is a drone gonna do?! There would have to be 8 trillion of them. The sky would be black with drones. It would look like that scene from the Wizard of Oz.... with the witch looking out the window at her flying monkeys screaming "fly, fly!" There'd be more mishaps.... the lawsuits alone. Its just stupid. Its not gonna happen.
Here's a novel idea... pay a friggin dividend.
And people buy this line of crap.
They need a new BOD.
https://www.amazon.com/Amazon-Prime-Air/b?node=8037720011
Dumbest thing I've ever seen. How much money have they blown on this? Yeah it sounds cool.... but come on.... one driver is making upwards of 400 package deliveries/day in season. I see dozens and dozens of those vans all over everyday. WTF is a drone gonna do?! There would have to be 8 trillion of them. The sky would be black with drones. It would look like that scene from the Wizard of Oz.... with the witch looking out the window at her flying monkeys screaming "fly, fly!" There'd be more mishaps.... the lawsuits alone. Its just stupid. Its not gonna happen.
Here's a novel idea... pay a friggin dividend.
And people buy this line of crap.
They need a new BOD.
'death cross' means nothing.
it's a broad based rally anyway with amzn rushing back up more than the index.
already posted many times, market has 40-100% room to go.... get in now... not too late.
But Farmer Bob in the English countryside got his Fire TV and bag of popcorn in less than 30 minutes! Probably the most expensive delivery in the history of forever, proportionately speaking.
this is why ordinary folks like you and me don't have the vision... Bezos built this empire with multiple 'category killers'.... in the biz world nowadays everybody is afraid of amzn... yet we have small time traders mocking the richest man....
and this is why instead of trying to outsmart the market, buying qqq/xlk and hold forever is the best formula.... you let the smartest guys in the world make you rich.
The market may have 40%-100% to go, but this particular stock....AMZN.... doesn't. At this time at least. Big difference. Nobody's "knocking Bezos".... just pointing out that there is a fiduciary duty to shareholders... like dividends and not pissing tons of money away trying to eek out something thats barely better and that no one really needs anyway. You can reach a point of diminishing returns.
Re the death cross... its just one more tool. But when the 50 crosses the 200 from above, in more instances than not the stock is heading down. Nothing's 100%, but don't sound like a "small time retail trader" and discount a pretty solid metric that has been proven and studied by folks way smarter than "us".
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you can back test 'death cross' it will show close to zero edge, not to mention the overall market is trending up.
a div is a bad idea... amzn became amzn by burning cash to capture the high ground... the day it starts to pay div is the day it's p/e will shrink to a company like aapl! that will be a disaster for the stock!
do you own amzn lol... I have lots shares and I certainly do NOT want to see divs.
No no no.... I don't believe that about the 50 crossing the 200. Back test what? Which stocks? I'd like to see those results, I mean no disrespect Dozu... but you can't just throw out a statement like that. I could have said the same thing but the opposite in the post preceding yours. I've looked at a million charts over the years, and although I have no data to back it up other than my own brain cells... I always observe where the cross happened. You're right its certainly not 100%. But on high volume stuff.... it works a lot. Take a look at the last time the S&P did it.... early last December.... and we all know how jolly X-mas eve 2018 was.
You looked at a million charts but only posted 1 lol. It’s confirmation bias. I have done back test. Used to be a ‘system trader’ before lol. None of these things work. Meaning the conventional TA indicators.
Reason is simple. They are all self defeating because the formula is too simple. One line crossing another line. Too many people see the same thing. They crowd in and become vulnerable for a head fake.
But. How many have the market savvy to notice this time it was sell the rumor buy the news? Almost nobody on ET. that’s how you become the successful 1%. The only edge is that YOU have paid attention to how something moves and how this time a different scenario is unfolding. And this ability is not self defeating because even though the logic is very similar to what I have demonstrated in ‘trading is easy’, the next event will never be exactly the same. Experience and independent thinking is what sets you apart from the others so they can not crowd your trade.