Well hopefully we'll get another wave of selling this week that can take this thing under $60...it won't be easy I'm sure to keep it under but eventually sellers will have to comply and sell. 
Amzn
- Thread starter pumpanddumper
- Start date
May $65 puts (+ZQNQM) maybe the best bet so far, the permium is not much @ 4.50 (AMZN is at $61 now).
Quote from SiSePuede!:
There is a very high premium in the options, I'm definitely not denying that. I bought mostly June $60 Puts for about $3....if the stock falls under $60 in the next 2-3 weeks I'm sure I'll get good valuation from them.
The premiums are nuts, but the stock went meteoric so fast....it's the price you pay to be in this play. I see a ton of value though being short this one and almost no upside. I think that short covering was a huge huge huge factor because this was truly a situation(rare) where shorts were probably bombarded with margin calls forcing them to cover.
The rest of this week should be telling I think. Good luck.
Here she goes, broke the support.
http://charts.dacharts.com/2007-05-01/smallcaptrade_97.png
http://charts.dacharts.com/2007-05-01/smallcaptrade_97.png
I went out for lunch and see it took a big dip on heavier volume and came back up. I'm not worried, I'm sure this will take time to play out. Have June Puts. Can wait happily!
Many shorts jumped to the boat, they're pushing it to 30 period MA - right now at 61.40s.
Quote from SiSePuede!:
I went out for lunch and see it took a big dip on heavier volume and came back up. I'm not worried, I'm sure this will take time to play out. Have June Puts. Can wait happily!
Amazon is going higher
it will hit 70
I dont use those fancy charts. I 'see' it
it will hit 70
I dont use those fancy charts. I 'see' it
You can see it with your safety helmet on?
Right at resistence $61.50:
