Im shorting AMZN before the earnings and I dont care what the ET experts have to say
- Thread starter Port1385
- Start date
I thought that about HOTT a very short time time ago when it broke through 10.00 a share. So far the madness indeed has continued, up nearly 40% from that 10.00 yesterday before pulling back to the less ridiculous 12.00's.
I'm glad you made out on your AMZN trade in after hours, but let MYGN's last earnings be a cautionary tale about stocks being "too high". It was trading near 52-week highs after a long run up and just before earnings several insiders sold off shares. That normally means an earnings or guidance miss. Not this time. It gapped up on earnings and continued to hit new highs for a long time.
It only takes that one time to put your account in a big hole.
One thing I've learned the hard way: A stock is never too high to buy or too low to sell. There is no such thing as a ridiculous price. There is only supply and demand. If you think about it, when a stock has made a huge run up and there's no bad news or sector deterioration to pull it down, why would the shareholders want to sell? They wouldn't, and there goes the supply, and between that and short covering, the price can go far beyond what you think is reasonable.
Post a blotter b/c we all know you are lying.
You lie.
Continuously.
Do you really get a kick out of this?
nevermind...bye bye
Wow, how did I know thiat this was going to be (yet another) Port1385 thread?
Jeez, I don't know, it was just a lucky guess.
Jeez, I don't know, it was just a lucky guess.