Stock Thread (23 Viewers)

[Rattle and Hum]

$1,250 I’d be all-in. I’m trying to figure out the best way to get in with maximum shares and trying to not let FOMO mess me up. 

I went through their earnings report yesterday and it’s nothing short of AMAZONING. Still, with the weak tape, feels like a sell the news event. Opened almost near $1,500 and continued to sell with the market over the course of Friday. 

So, I've seen you post aversions to options but what if you sold the March 16 1250 Put for $10 or so? If AMZN never gets down there you still profited $1K per contract.. If it does close below 1250 you own the shares at $1240--win-win, no?

 

[fantasycurse42]

So, I've seen you post aversions to options but what if you sold the March 16 1250 Put for $10 or so? If AMZN never gets down there you still profited $1K per contract.. If it does close below 1250 you own the shares at $1240--win-win, no?

That’s not a bad way to play it. My end all goal is just to be in AMZN for a long term play.

 

[kevzilla]

Futures down again, within a few points of that 5% pullback now. 

 

[siffoin]

@siffoin

I’ve tried to get my chart game on a little more this year, but I’m still just a novice. Curious what you’re seeing on AMZN.

I see the recent run with a trendline that looks to be around $1400 - if that doesn’t hold during a selling rout, I can see a drop pretty quick to $1250-1300. RSI also shows overbought. 

Any thoughts? Just trying to find a good spot to add.

It's at a level of support right now at $1415.  Now that's VST support and that "floor" might be made from Balsa Wood.  After that -$1300-$1330ish...is solid ST support on a 60m AND a daily time frame.  From there...$1200ish, then $1125ish.  On those last 2 I'd add around $5 per day to the rising trendline.  So $1200 today = $1225 a week from now.

The overall trend is wildly bullish but testing support is healthy for the LT trend imo.

Check my twitter for a chart.

 

[St. Louis Bob]

1000 TVIX @ $6.62

Out at $7.29

 

[Plorfu]

HE DID IT!

 

[St. Louis Bob]

I would like to punch the telemarketer that called me at 8:09 in the #### or else I wouldn't have woke up and still be holding.

 

[fantasycurse42]

Amazon is so ####### strong it is infuriating - market just refuses to sell this stock

All I want at this point is $1,350, wtf... 

 

[fantasycurse42]

Dow is down 500 points, buy Amazon.

Jeff Bezos just boarded a SpaceX flight with Elon Musk to Mars for the next 3 years, buy Amazon (& Tesla).

North Korea is launching rockets at Seattle, buy Amazon.

Doesn't anyone want to take profits? It's up 25% in a ####### month - this is literally the only thing that scares me on Amazon, pigs always get slaughtered and everyone is a pig when it comes to Amazon. Nonetheless, nothing else to dislike here. 

 

[culdeus]

I'm validating the bogle head theory that having dividend index funds is negatively correlated. Fml 

 

[EYLive]

Dow is down 500 points, buy Amazon.

Jeff Bezos just boarded a SpaceX flight with Elon Musk to Mars for the next 3 years, buy Amazon (& Tesla).

North Korea is launching rockets at Seattle, buy Amazon.

Doesn't anyone want to take profits? It's up 25% in a ####### month - this is literally the only thing that scares me on Amazon, pigs always get slaughtered and everyone is a pig when it comes to Amazon. Nonetheless, nothing else to dislike here. 

Pretty amazing, they're made of teflon.

 

[EYLive]

I pulled the ripcord just now. Cashing out on everything except my IRAs.
Taking my meager net profits and praying that everything calms the F down.

 

[Brony]

I pulled the ripcord just now. Cashing out on everything except my IRAs.
Taking my meager net profits and praying that everything calms the F down.

I'm starting to move some to cash now.  I just think the likelihood of a downward correction in the next 12 months is more likely than the continuation of this run-up.  

 

[fantasycurse42]

The DJIA is down another 500 points, totals 1,150 in 2 days and AMZN is green both days... How the #### do I buy this cheaper? I refuse to chase up here. 

 

[EYLive]

The DJIA is down another 500 points, totals 1,150 in 2 days and AMZN is green both days... How the #### do I buy this cheaper? I refuse to chase up here. 

Wait for a stock split when it hits 3,000 

 

[fantasycurse42]

Logically, you'd think selling huge profits in AMZN to move to other places that have sold off would be a smart move - instead it looks like the entire market is selling to buy AMZN. 

Should've just bought it at $1,400 this morning. 

 

[jamny]

10%?

 

[St. Louis Bob]

Godamnit

 

[St. Louis Bob]

Yup. I really don't know what people are talking about here. What are you going to do? Stop taking this money because you're worried there may be a drop? That's ridiculous. 

I hear you but I took some off the table.  Having lived through "irrational exuberance", I'm cautious.   Plus, Trump pulling the US out of NAFTA seems to be the biggest worry right now and Trump is like a mule with a spinning wheel.

Glad I did this though.

 

[St. Louis Bob]

Siff, I hope you are feeling well my friend.

 

[fantasycurse42]

Godamnit

1000 TVIX ($XYZ)

 

[General Malaise]

Think I'm going to throw up.

 

[fantasycurse42]

Think I'm going to throw up.

Bloodbath?

 

[jamny]

Gotta be a buyer here, no? Totally crazy selling.

 

[The_Man]

capitulation. It was awesome while it lasted 

 

[EYLive]

Gotta be a buyer here, no? Totally crazy selling.

I think so, but I'm not jumping in until I see proof of an upswing.

 

[culdeus]

where is this cash going?  

 

[jamny]

1000!

 

[parasaurolophus]

where is this cash going?  

Tvix

 

[John Bender]

where is this cash going?  

Into cash

 

[culdeus]

-1000

 

[culdeus]

Maybe Lhucks was right.

 

[Todem]

Today is a bloodbath @fantasycurse.

And a long overdue sell-off. Just hate to see it like this. LOL. Retail investors who finally got in in January are in a total panic right now.

Now.....if we go down 10% more from here it is an official correction. We just gave all of January's gains back and are down 2% YTD with this if it holds into the close.

 

[The_Man]

5% ouch!

Gonna be fun to hear Trump talk about this one

 

[culdeus]

holy #### -5%

 

[John Bender]

-1300

 

[John Bender]

6%

 

[jamny]

 

[The_Man]

oh boy

 

[culdeus]

-1300

1500

 

[EYLive]

HFS

 

[St. Louis Bob]

1000 TVIX at $13.47 

 

[bicycle_seat_sniffer]

THANKS TRUMP

 

[culdeus]

1000 TVIX at $13.47 

honestly I would have thought with how fast it fell i would be at 40

 

[-OZ-]

SPXS

 

[Ned]

 

[Don't Noonan]

Today is a bloodbath @fantasycurse.

And a long overdue sell-off. Just hate to see it like this. LOL. Retail investors who finally got in in January are in a total panic right now.

Now.....if we go down 10% more from here it is an official correction. We just gave all of January's gains back and are down 2% YTD with this if it holds into the close.

This reeks of total panic selling.  Wow.  Recovering a bit now but full panic by lots of folks

 

[St. Louis Bob]

 

[General Malaise]

I bought 300 shares of TVIX on Friday at 6.96.  It's up 51% today and yet I'm still down nearly 3% as a whole.  Combined with Friday and, well, I'll be at the bar.

 

[bicycle_seat_sniffer]

Eagles won the superbowl world is ending