Amzn

Quote from cashmoney69:

104 million shares were traded yesterday, and today 63 million. There has to be a seller for all this. You might see new highs, but the closing prices probably wont be as grand as they were...IMO.

cm
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I honestly believe that AMZN at these price levels is a perfect gift for anyone who wants to get long the market in general, but stay hedged for a correction.

I happen to be long plenty, and any 'irrational exuberance' that continues is likely to rub off on my long positions. So if Amazon doesn't break down, its really just a play on the spread.

But this squeeze is nothing new in this market. I've seen these occur on a frequent basis lately - they seem to always end the same. Whats more fascinating a discussion is how it will end (when it does). Will it be an analyst downgrade? overall market correction? Or just nothing except longs waking up on the wrong side of the bed one day?

Personally if a correction did occur in the near term (or market top), I'd have to guess it all boils down to FOMC.
 
what does "they seem to always end the same" mean?

if that was true you'd be rich beyond your wildest dreams.

this is silly talk.
 
Quote from stock777:

what does "they seem to always end the same" mean?

if that was true you'd be rich beyond your wildest dreams.

this is silly talk.
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not necessarily. timing is the question.

its easy to call a bubble. most people are right eventually ...

[ie I thought housing was a bubble in 2003... but I was wrong badly on timing it]
 
Quote from stock_trad3r:

I dont know why this is up so much


but Im glad I didnt short
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Here's why. Retail was shorting it afterhours and pre-market after earnings while Institutions were buying it. The end result is inevitable.
 
I might add that retail continued to short it the next day after earnings (today) and they continued to get their butt kicked.
 
Quote from ak15:

Here's why. Retail was shorting it afterhours and pre-market after earnings while Institutions were buying it. The end result is inevitable.
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That would result in a morning pop but not 2 days of continuous strait rallying.

I suspect 90's dotcom money is getting back into this

let em' bid it as high as they want
 
It has reached analysts' revised targets of $61 - $62 in just two days after earnings up 40% in just two days. It doesn't make sense. But stock movements never do. Otherwise we'd all be rich.
I maybe going out on a limb but I think this baby will keep going up for a while because nobody expects it to.
 
Quote from stock_trad3r:

That would result in a morning pop but not 2 days of continuous strait rallying.

I suspect 90's dotcom money is getting back into this

let em' bid it as high as they want
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I have to disagree. Incidentally the rallying is not over yet imo.
 
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