shorting meme stocks?

Overnight said:
Yeah. That's why it is a good buy. I think I mentioned this in another thread. A great dip to buy AMZN is the run-up to the holiday Season. Because when late Jan/Feb rolls around, the whisper numbers will be huge. AGAIN.

AMZN is forever. I can tell by the commercials. Even Bezos doesn't realize how much he can capitalize on what he doesn't remember. The potential is still there.
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A good buy. How about a good sell (@$3700+) when it was priced for perfection?

Anyway this time last year this is what AMZN did till the end of this past Feb. The yellow line is not a trendline. It is a linear regression line from Aug 24th, '20 clearly showing trend was sideways. So the conventional wisdom that Amazon always rises into and post-Xmas didn't work, at least not last year.
AMZN.png
 
SunTrader said:
A good buy. How about a good sell (@$3700+) when it was priced for perfection?

Anyway this time last year this is what AMZN did till the end of this past Feb. The yellow line is not a trendline. It is a linear regression line from Aug 24th, '20 clearly showing trend was sideways. So the conventional wisdom that Amazon always rises into and post-Xmas didn't work, at least not last year.
View attachment 266563
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The hell do I know. I see a 300 point rise from middle of December to beginning of February.

This is why I do not trade stocks, because I know nothing.
 
SunTrader said:
A good buy. How about a good sell (@$3700+) when it was priced for perfection?

Anyway this time last year this is what AMZN did till the end of this past Feb. The yellow line is not a trendline. It is a linear regression line from Aug 24th, '20 clearly showing trend was sideways. So the conventional wisdom that Amazon always rises into and post-Xmas didn't work, at least not last year.
View attachment 266563
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As I've posted elsewhere, AMZN is DEFINITELY NOT for the squeamish, with regular unexpected 200+ drops that take weeks to recover, and can be a significant lock up of resources.
While it peaked at 3770 some months ago, it's been averaging 3200 since then.
 
GotherL said:
GME got pumped hard today. If you didn't notice.
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Same with AMC and in unison with GME at 1:30 pm... purely circumstantial :rolleyes:

I was waiting for that to happen but missed it... no way would I risk jumping in now
 
Yeah AMC GME yesterday wtf nice runs. I got 2 points winning daytrade AMC 42-44 but should've gotten more. Late day huge runs are rare.
 
KCalhoun said:
Yeah AMC GME yesterday wtf nice runs. I got 2 points winning daytrade AMC 42-44 but should've gotten more. Late day huge runs are rare.
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Late day for you is smack in the middle of the night for me... 1:30 am. Unfortunately my trading is limited to pre market up to noon. Beyond that it's placing sell orders and occasionally waking up happy.
 
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