Ok AMZN, you've touched $1900 three times in the last 2 weeks...

Discussion in 'Stocks' started by Amun Ra, Jan 6, 2020.

  1. I recall years ago seeing some index (one of the Value Lines, I think) break resistance after 23 tries on the daily chart. Talk about "resistance". Sheesh.
     
    #11     Jan 7, 2020
    nooby_mcnoob likes this.
  2. Amun Ra

    Amun Ra

    AMZN down huge in after hours today. Almost $50. Not sure why the sell off. Maybe traders read my post and got FOMO. :D:D:D

    That milk is fresh from the cow.
     
    #12     Jan 7, 2020
  3. Pekelo

    Pekelo

    Read the news, genius. Every stock is down.
     
    #13     Jan 7, 2020
    nooby_mcnoob likes this.
  4. Amun Ra

    Amun Ra

    Not every stock. I'm long SNP and that was up after hours.
     
    #14     Jan 7, 2020
  5. Pekelo

    Pekelo

    OK, 99%. Just checked and AMZN is back at 1901 pre-market. As long as there is no war, you are wrong on its direction.
     
    #15     Jan 8, 2020
    nooby_mcnoob likes this.
  6. Amun Ra

    Amun Ra

    $1891 now....Are we going to go keep going back and forth like this every couple of hours? LOL
     
    #16     Jan 8, 2020
  7. Pekelo

    Pekelo

    Yeap, until you acknowledge that your call was very wrong. As long as there is no war and the market keeps going up, there is no reason for AMZN to go down.

    1905 again... :)
     
    #17     Jan 8, 2020
  8. Amun Ra

    Amun Ra

    I'll give you my call maybe have been slightly off, but definitely not completely wrong. $1900(ish) is still the ceiling. If we hit $1920, I'll consider myself wrong.

    $1891 at close... :)
     
    #18     Jan 8, 2020
  9. Amun Ra

    Amun Ra

    No longer short as of today. AMZN didn't go down as far as I wanted, but it did drop from $1900. Obviously "following the trend" at $1900 would've been bad.

    All in all, I'm not going to claim this one as "I was right" or "I was wrong" Just going to claim it as an "I shouldn't have wasted my time on this trade"
     
    #19     Jan 17, 2020
  10. ajacobson

    ajacobson

    UP $200 after hours
     
    #20     Jan 30, 2020