shorting meme stocks?

Discussion in 'Trading' started by IronFist, Aug 24, 2021.

  1. SunTrader

    SunTrader

    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
     
    #11     Aug 24, 2021
    VicBee likes this.
  2. Overnight

    Overnight

    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.
     
    #12     Aug 24, 2021
  3. VicBee

    VicBee

    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.
     
    #13     Aug 24, 2021
  4. maxinger

    maxinger

    right.

    GME has gone through 3 rounds of pumps and dumps.

    4th round might be coming up.
     
    #14     Aug 24, 2021
  5. GotherL

    GotherL

    I highly doubt it's gonna see much follow-thru tomm. Probably a spike on open and dump. We will see.
     
    #15     Aug 24, 2021
    VicBee likes this.
  6. VicBee

    VicBee

    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
     
    #16     Aug 24, 2021
  7. Overnight

    Overnight

    Are you sure?

     
    #17     Aug 24, 2021
  8. KCalhoun

    KCalhoun

    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.
     
    #18     Aug 25, 2021
  9. VicBee

    VicBee

    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.
     
    #19     Aug 25, 2021
    KCalhoun likes this.
  10. GotherL

    GotherL

    I think GME is squeezing now smh.

    Figures, it's not gonna have the strength for a huge runup.
     
    Last edited: Aug 25, 2021
    #20     Aug 25, 2021