This madness with Amazon CANNOT continue. I am shorting AMZN and I dont care what anyone on ET has to say.
amzn has been the absolute annihilation of shorts. Hope you aren't basing it on fundamentals; playing with fire on this gamble either way. GL
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.
While flipping coins, you were bound to be right at some point. Too bad you don't trade with real money.
Well, when I was sitting down around 4pm price was falling and I was laughing my ass off. Threw a trailing stop on it and then came back to find me stopped out at around 77.5. Nice little trade for the day...