looks like something from xbox live arcade.
Amzn
- Thread starter pumpanddumper
- Start date
It's approaching it's recent high of $63.80'something...will be interesting to see if this is the double top or the next leg.
I can't imagine anyone is insane enough to see this thing through and hold this thing...either they need to start a rumor of an $80 buyout or they'll sell....if the markets turn down for a correction Amazon will be a lead plummeter IMHO.
I sold my near-term puts and bought deep in the money Jan 08's because the premium isn't much and I don't really want to be fucked over short term by the games.
I can't imagine anyone is insane enough to see this thing through and hold this thing...either they need to start a rumor of an $80 buyout or they'll sell....if the markets turn down for a correction Amazon will be a lead plummeter IMHO.
I sold my near-term puts and bought deep in the money Jan 08's because the premium isn't much and I don't really want to be fucked over short term by the games.
Anyone watching? Looks like $60 is a protected area for now...the manipulation in this piece of shit is ridiculous. 
The stock action is getting me to hate the stock even though I love the company!
The stock action is getting me to hate the stock even though I love the company!
Quote from SiSePuede!:
Anyone watching? Looks like $60 is a protected area for now...the manipulation in this piece of shit is ridiculous.
The stock action is getting me to hate the stock even though I love the company!
I am still short for about a week now; I had to take a little heat on Friday I think it was but ok now. I am looking for a minimum of 57.00, but I think it should go even lower, in time. It is a beast for sure, I'll say that. Still, I keep looking at that volume spike and I cannot see what kind of news would make it go higher. That gapping action is worrisome of course, since as someone mentioned earlier, getting up to find a 20 dollar gap really sucks ass. That's like a new car lost in a day. This isn't far from my mind, since as you mention it looks a bit cooked (manipulated)...
This hit the news this morning:
AMAZON.COM AND IBM SETTLE ALL PATENT LAWSUITS; AMAZON TO PAY IBM UNDISCLOSED SUM
- sign cross-licensing pact<IBM>
it'll break soon.. it needs to go to distribution mode.
volume has tapered a little. shorts were too aggressive to cover.. if you're net long the market, this is great insurance without too much upside.
That is exactly my position too. Long ER2 and ES off this mornings lows. Held an ES short overnight. I just am wary of the gapping behavior and as you said the feel of manipulation.
That said, I don't really get too hung up on the market maker manipulation mumbo-jumbo. After that huge gap, there must have been shortie hell to pay. I think that is finished and that is reflected in the volume. Yet, after a stock appreciates 50 percent overnight! I would expect a little less strength almost 2 weeks later. That is something a bit outside what generally happens with these massive volume episodes, in my experience.
I just like it better when I have a couple dollar cushion--don't we all.
i'm so pissed not because of my amzn short, but more because of my heavyweight goog long....
just a dog.... hoping the market doesn't crash too much tommorow, and/or that the goog board announces a split or something to move this thing up. sucks to be the right attitude on the market in the wrong stocks.
[i've been long since the correction recovery, just wrong sectors]
Ouch. I am flat at the moment except for amzn. I pulled up goog, I've been trading futures exclusively for the last couple years. Boy that stock will make or break you, if you hit it with any size.
I see that it broke a 2 month uptrend on the 30th, and then fell to now it is at the bottom of the current consolidation. I'm sure you already know this...
I'll cross my fingers for you but I sure hate using hope as a strategy, don't you? Prolly a good long candidate right about here, but I have no idea how it trades and with that kinda range one should better know that stock's personality before putting anything on. Hope it works out for ya. I don't think the amzn short will make up for a goog loss, looking at the charts...
I see that it broke a 2 month uptrend on the 30th, and then fell to now it is at the bottom of the current consolidation. I'm sure you already know this...
I'll cross my fingers for you but I sure hate using hope as a strategy, don't you? Prolly a good long candidate right about here, but I have no idea how it trades and with that kinda range one should better know that stock's personality before putting anything on. Hope it works out for ya. I don't think the amzn short will make up for a goog loss, looking at the charts...