Im shorting AMZN before the earnings and I dont care what the ET experts have to say

MSFT frying some more shorts this morning on "excellent" earnings... The dot-com days didn't teach you anything about stocks?.. CROX, TASER... etc. "Markets can stay irrational much longer than you can stay solvent"...
 
Quote from Uncle_Ho:

I sold some july call spreads about 5 min before the close, almost when stock hit the high on the close. Too bad I didn't do enough, I felt like I wanted to fill more, since the more I sold the more money I was credited lol. I'll probably walk in up 3k-5k on this tomarrow.

I think AMZN is an short long-term. This company is over-valued and I think the underlying fundementals are weak.
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LOL
 

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Quote from S2007S:

AMZN worth no more than $20 bucks.
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If is it worth no more than $20 why is it currently trading at 86%... particularly in a recession and when the cash flow overall (2008, 2009) is being taken out of the stock market? :confused:

If it is trading at $86 the market believes it is worth $86 bucks.
 
Yea i'm going to hold on to those july call spreads because I think this is a short squeeze and the price could go back below 80. Yea I walked in down a couple grand on this trade lol, tricky stock.
 
Quote from Uncle_Ho:

Yea i'm going to hold on to those july call spreads because I think this is a short squeeze and the price could go back below 80. Yea I walked in down a couple grand on this trade lol, tricky stock.
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It's not tricky, it does the same thing over and over; just in different ratios.
 
Quote from infolode:

It's not tricky, it does the same thing over and over; just in different ratios.
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this stock does it with 45:55 ratio of haste with ease, and maybe a drop of tropicana orange juice
 
Quote from monty21:

If is it worth no more than $20 why is it currently trading at 86%... particularly in a recession and when the cash flow overall (2008, 2009) is being taken out of the stock market? :confused:

If it is trading at $86 the market believes it is worth $86 bucks.
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I've heard smarter people than I say that the market is always right.
 
Quote from Port1385:

This madness with Amazon CANNOT continue. I am shorting AMZN and I dont care what anyone on ET has to say.
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Between $86.5 and $88 is where I would short it. Did it reach $86 area or not yet?
 
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