forum consensus on AMZN

Buy or Short?

  • Long to 60+

    Votes: 15 45.5%

  • Short

    Votes: 18 54.5%
  • Total voters
    33
No! Its going to 64. Once it reaches my target, then I say it will pullback. The pullback will be to around 54.5. Thats when you consider a long position.

I have waved my magic wand and now it will be so.
 
Dude, I have been trading a lot of years making money and I can tell you that a stock can and will do exactly what it does, regardless of any chart formation. You called this correctly, but I think you need to chill a bit since 1) luck cannot be ruled out on a single example and 2) the skill lies not in the call, but in what is done with the call. Yes, I was short. Yes, I had to adjust the position to get out well. Yes, I was wrong about this example. But, I put my money on the line and that is what makes a trader. Act, don't pontificate please. On a final note, that certainty you claim can never exist in this world; it is a risky thought. A good trader changes his mind often and realizes quickly his mistakes.

I appreciate your work, and in TA you've got talent for sure, but in the final analysis I make my own decisions based on what I see, not what others say. That is how I know when a trade is sucking wind. Thanks again for the Micron pick; it's a dilly so far. :cool:
 
Quote from michaelscott:

No! Its going to 64. Once it reaches my target, then I say it will pullback. The pullback will be to around 54.5. Thats when you consider a long position.

I have waved my magic wand and now it will be so.
More...


At least I know you're not serious now.
 
Quote from JSSPMK:

Neutral now, train's left.

Weekly chart, clear divergence in MACD's histogram took weeks to set-up.
More...

Agreed. Certainly, the r/r is no longer favorable. There are some lovely spots to enter on that chart. I am, however, glad I do not trade stocks much any more. Bad tax treatment and too many charts to look through. Cheers!
 
While the AMZN bulls' exhuberance may propel it a bit higher still, I have to agree with BuyLo. Compare it with any other specialty retailer ... with a P/E of 80 (!!!) it's ridiculously overvalued at these levels. 63-65 range would be a great place to initiate a short position, IMO.
 
Quote from tomahawk:

While the AMZN bulls' exhuberance may propel it a bit higher still, I have to agree with BuyLo. Compare it with any other specialty retailer ... with a P/E of 80 (!!!) it's ridiculously overvalued at these levels. 63-65 range would be a great place to initiate a short position, IMO.
More...

Expectations based solely on fundamental analyses are doomed. Let the chart show you where the price is heading. A P/E does not provide any sort of time frame, you could experience a tremendous drawdown in the mean time. Technical analyses will tell you where the price is heading.
 
If TA were that dead on, you'd never be wrong.... tell me, what % up are you for the year, you TA buffs? Bet I beat you. :D
 
Quote from hels02:

If TA were that dead on, you'd never be wrong.... tell me, what % up are you for the year, you TA buffs? Bet I beat you. :D
More...

Main point is that FA tells you something ain't right with valuations, but it does not indicate when prices might correct, TA does, I would say if you understand FA, then use TA as well for the above reason.
 
You must log in or register to reply here.
Back
Top