If things align here today, or even tomorrow, I am taking a shot against the beloved $AMZN.
If we see a market bounce here and $AMZN trades closer to $820, I’m pulling out some puts.
My $ACM idea gapped up at the open and faded, which means I have weeks until I can get an entry into this stock. Therefore, next earnings play I am watching is $JEC.
Again…if I get a gap down, I’m a buyer.
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scoring a put trade off amazon would really be like blowing up the death star. lol
Taking bets on which happens first:
OA gets his AMZN fill.
SHLD actually goes bankrupt.
Rare opportunity to buy WETF at this level.
Balls of steel man! I wish you the best.
To me, shorting AMZN is like trading DRYS. You just don’t fuck with it.
II that
Umm, good luck with AMZN puts. Like pulling pin on hand grenade. My the farce be with you, yes? Or is it live long and eat phosphor?
Thanks for showing up with your endorsement. That’s what I wanted to read.
Pulling the pin on a hand grenade is usually the first step in destroying your enemies.
Possibly, provided you do not drop after counting to 3. I see the 820 Mark on chart. Also see this ripping to 830. This trade would require loose stops, but can be really profitable. Looking like $NDX running out of gas today.
Compelling analysis. You ought to blog.
Nah, slept at Holiday Inn express.
OA – What’s your time duration for the AMZN trade? Are you going a 3-4 months out? Also spread or naked?
Spread?
No, I trade with a penis.
I like your AMZN idea….now it is doomed, no?
Dammit
I also think the market is going to Dow 24,000 this year. How do you like them apples? Yeah, you’re all screwed.
What? But you were the Feb lows guy, no? Showed up out of nowhere to proclaim a big ugly bear was coming.
PnF counts are uncanny and don’t lie.
http://stockcharts.com/articles/wyckoff/2016/07/point-and-figure-pie-in-the-sky.html
I’m not questioning that. I said the same at Dow 15k. It’s completely unacceptable to show up at Dow 20k as a bull calling for 24k. Especially since you rode the bear call up most of the way.
I would have kept that all to myself. Just saying.
Unacceptable? Sorry to screwed up your timely contrarian indicator. Or maybe…I’m top-ticking this market, and I’m still as reliable as ever.?
Keep it a hobby bro. ?
For the haters/rubbish up here, I kindly refer you to an OA headline called “BIGGER THAN THE BELLS THAT RING IN YOUR CHURCH.” Google machine will expand on that for you, if you’re not too retarded to use Google.
I like it oa. What’s the target on amzn
Added a little cbmx yesterday. Look at the vol profile on that
Jeez.. OA won’t be shorting it to ZERO.. 820 is resistance so if it presses thru and then fails it’s a good opportunistic short. No biggie.
Oil kissed $51.25 like you said it would, OA? Time to get involved or too crowded?
There were only supposed to be 2.5 million barrels – whoops there 13.5 million barrels. Buy it up bitches!
PBYI acting oddly strong today. Something bubbling underneath.
Vrx looks ripe
Added to this weeks BIDU 180s on that morning dip
$GRMN
IWM right off the bottom of the range, I wonder if it sticks.
This whole pattern/range reminds me of early-mid September. Holding my IWM puts and TLT calls.
Like the AMZN short. Everyone I know says to buy AMZN which makes it even more compelling a la capsized boat slide from boot camp
I bought puts this morning just under $820
Looking like everyone was chasing this in final 2 trading hours.
Chasing it up that is