Amzn

Quote from trade2learn:

who's selling Amazon's stock? :confused:
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Insane...I cut my losses halfway through this run to $68...it's fucking insane really. Luckily my leap Puts weren't too big of a loss, but sheesh, what a run this stock has had/is taking.

I have a feeling there is more to this...expect to hear LBO rumors tomorrow or the next day.
 
Quote from loufah:

Someone claimed this was "real" buying and not just short covering. Is there a way to tell the difference?
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Nope, not really. I assume it was/is someone having to ante up to fill calls from May. Who knows...dangerous stock to touch. I knew at $63 I might have a problem on my hands being short and should have been smart and covered...I lost a bit of money due to not listening to my head...oh well.

I think it's definitely "short covering" though. It could be buyers forcing shorts to cover...might even gap up in the am due to shorts who felt the need to leverage to the hilt and will get margin calls. Being long is actually probably not the worst move although there are better stocks to be long...this one might get a good pop though. :D
 
Amazing move considering no media news...

That said, when the sh*t hits the fan, its going to be an amazingly (good) day for the shorts.

May be earnings.. May be a slew of broker downgrades.

This will make AKAM's recent 10 pt drop look like child's play.
 
Quote from crazy_trader:

Another new yearly high for AMZN.
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Yeah, it's way insane...I bailed with a loss a while ago, I think someone is accumulating it in the want of a buyout...it's probably a good candidate. That or when it finally does stop it will be a great short. For now it's off limits. It's a beast for sure. :D
 
Quote from michaelscott:

You guys still shorting Amazon? AMAZON 100!!!! No risk!!!
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I'm not shorting it anymore..>I think you're right but I like AXP more right now for a better move and the options are dirt cheap. :D
 
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