Amzn

Come on Amazon bears. Amazon is part of the new economy. All that old stuff you used to trade cant execute like Amazon. You guys see a high flyer and think it will just tank back down. Im looking forward to Amazon ONE HUNDY!!!!

This goes beyond fundamentals. Sometimes you look at a stock and wonder why its so high when the fundamentals are against it. Sometimes you look at a stock and wonder why its so low when the fundamentals seem for it.

Its not about fundamentals, but its more about a thesis on supply and demand. Right now, there is no overhead supply and lots of underlying demand.

The first part of the demand equation comes from the shorts and the puts which NEED to cover no matter what. Then there are the momentum traders that will get on board too. Then there are those that will buy it just because its at its 52 week high.

How long can this go on for? It can go on for months, years in fact.

A stock that has a lot of overhead supply has a lot of angry investors that are ready to dump the second it hits a certain price. Then there are those traders that use averages and support/resistance who will dump at a certain price. Amazon has grown past all that BS and nonsense.

Raise your glass as we welcome Amazon back to the new economy.
 
Wait, one more thing. I have not revealed to you the wildest part about Amazon. Right now there is one more plateu to clear and those are the prices from the late 90s. Im sure the overhead supply has been cleared out by now, but its more of a psychological boundry. The price needs to go over 90, but once it gets past 105 then its set to get to 200. Sounds wild, but welcome to the new economy.
 
Michael, you sound like Jim Fucking Jones serving that toxic kool-aide. Give it a rest before you look like a bigger dumbass than stocktrad3r.
 
Bought my puts back this am when it was about $70, I think

Doing ok, so far.

I don't believe it NEEDS to go anywhere in particular. I like Amazon, and just bought a notebook cooler from them, but they need to figure a way to make real money per share to be able to support a high share price for more than a few days of short covering.
 
I wish I was kidding.. Amazon is holding up really nicely today despite all the selling off pre-memorial day. This is a strong stock and it will get to a 100 if not more. Cheers, to the new economy!

Quote from Comanche:

Michael, you sound like Jim Fucking Jones serving that toxic kool-aide. Give it a rest before you look like a bigger dumbass than stocktrad3r.
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Quote from michaelscott:

I wish I was kidding.. Amazon is holding up really nicely today despite all the selling off pre-memorial day. This is a strong stock and it will get to a 100 if not more. Cheers, to the new economy!
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No it won't. It took incredible 1Q eps growth, which was a huge surprise, to launch it to where it is now, which is arguably exceedingly rich.

That 1Q revenue was seasonal.

There is no Christmas in June.
 
Quote from ByLoSellHi:

No it won't. It took incredible 1Q eps growth, which was a huge surprise, to launch it to where it is now, which is arguably exceedingly rich.

That 1Q revenue was seasonal.

There is no Christmas in June.
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It's only holding up because the motherfuckers who bought it up got their squeeze out of it, and then another, and now it's dead in the water...has barely moved all day. It's going to plummet.

Buying leap Puts is fairly cheap if you consider how much that stock has to fall...my only concern remains that while this bullshit liquidity remains a private equity group will try and buy the company out.
 
Quote from SiSePuede!:

It's only holding up because the motherfuckers who bought it up got their squeeze out of it, and then another, and now it's dead in the water...has barely moved all day. It's going to plummet.
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Yup. Short squeeze.

I think it was in one of Schwager's interviews where someone said that the market moves in the direction that hurts the most people (or something like that). The shorts earlier in this thread represented all of the others who kept shorting as the stock kept going up. Then it entered a consolidation phase where more & more people got short. Then the day came to make all those weak hands pay .... Another big breakout north .... Baaaaaahhhhh!!!

Will this sucker go down? Absolutely! When? For a more recent example of how long shorts can fuel a stock (altho w/ a much smaller float), pull up a weekly chart of TASR. The chart shows peaks in the 30's - however, that was after multiple 2:1 & 3:1 stock splits. The shorts in that stock had many painful rides.... above 200 IIRC

After you get tired of being royally screwed over & over by shorting POS's & having them zoom up, you start to recognize the patterns and join the other longs for the ride. If you're watching short term intraday charts when resistance levels are broken, you can feel the shorts screaming as they crowd the exits. Once you've been long for a few of these rides, it's a tough habit to break .... :D :D

BTW - look around - even at the Dow weekly... the runup since 3/07 is even steeper than the original runup in 3/03. Are the growth prospects for the economy better now than 2003?? Nope - not even close. However, there is record short interest on the NYSE. Hmmmmmm ....
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Much of what you said means little. AMZN isn't moving big anymore and whether it's one or two earnings report showing that the company really isn't making very much money and they're 'not making much" on crap margins the stock will likely start to fall and accelerate down at some point.

I bought October Puts and am going to look at selling July puts because I don't expect the fall to happen today or tomorrow or even next month.

That stock is a pig and I expect it'll be significantly lower by August and I can unload my Puts at a gain and not worry about it actually hitting the strike.
 
Quote from SiSePuede!:

Much of what you said means little. AMZN isn't moving big anymore and whether it's one or two earnings report showing that the company really isn't making very much money and they're 'not making much" on crap margins the stock will likely start to fall and accelerate down at some point.

I bought October Puts and am going to look at selling July puts because I don't expect the fall to happen today or tomorrow or even next month.

That stock is a pig and I expect it'll be significantly lower by August and I can unload my Puts at a gain and not worry about it actually hitting the strike.
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Don't get me wrong, I agree that the stock is a pig. However, I've learned that picking an arbitrary price level or an arbitrary date only puts me in a house of pain. I use price action and play stocks long & short but always keep an eye on the SI.
 
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