Amazon

tsptalk said:
This is a trade, not long term investment. Such a nice chart formation. Looking for 3550- 3600 -- stop is a close (somewhere) below 3200.
Click to expand...

Hmm, I had a GTC order to sell AMZN at 3550. Today's high is 3552.25, and I didn't get filled? Now it's trading at 3493. :suspicious:
 
Apple is 53% above its 200-day EMA. :D

Crazy.

This is a trade, not long term investment. Such a nice chart formation. Looking for 3550- 3600 -- stop is a close (somewhere) below 3200.
 
I tell you what, AMZN looks ready to pop again.

Disclosure: I just bought it.
082520b.gif


082520b.gif
 
Last edited:
tsptalk said:
disclosure: I still own it.
Click to expand...

Just disclosing that I sold AMZN just before the close today. Filled at $1,947.6435

I got the bounce I was hoping for and I like the chart but I wanted to be flat heading into Friday's jobs report and will hopefully (famous last words) buy on any pullbacks we get in the coming days / weeks.
 
Amazon's chart seems to have made a bullish inverted head and shoulders. Now the question is whether it breaks out, as Inv. H&S's tend to do, or pullback to test the head again, as they sometimes do.

033020a.gif


disclosure: I still own it.
 
James48843 said:
Why else do you think they want to hire 100,000 new employees? If one warehouse goes down for corona virus, they just ship everybody to the hospital ship that Trump is moving into position (Trump is renting the ship USNS Comfort and USNS Mercy, each with 1,000 beds to Bezos for cash) and then he just sends a complete warehouse crew to go take over.

Bezos figures he can pay hospital ship rent, pay each worker an extra $2, work them all until they get the virus, lose 15% of each full warehouse crew to death, and still come out ahead $$ wise.


Sent from my iPhone using TSP Talk Forums
Click to expand...

LOL
 
James...with those off-the-cuff figures I am guessing you have a background in being either an accountant or an actuarial statistician. :D Now that I think about it, put those two careers into one person, send the person to law school, and I bet you would have an amazing divorce attorney:ban:
 
Rod said:
I bet AMZN will have a great Q1.


One thing I am wondering, though...

One thing that could negatively affect that is if COVID-19 becomes more prevalent within the warehouses, and they begin shutting down ops.
Click to expand...

Why else do you think they want to hire 100,000 new employees? If one warehouse goes down for corona virus, they just ship everybody to the hospital ship that Trump is moving into position (Trump is renting the ship USNS Comfort and USNS Mercy, each with 1,000 beds to Bezos for cash) and then he just sends a complete warehouse crew to go take over.

Bezos figures he can pay hospital ship rent, pay each worker an extra $2, work them all until they get the virus, lose 15% of each full warehouse crew to death, and still come out ahead $$ wise.


Sent from my iPhone using TSP Talk Forums
 
Rod said:
I bet AMZN will have a great Q1. BTW, earnings is on 23 Apr.

One thing I am wondering, though...

One thing that could negatively affect that is if COVID-19 becomes more prevalent within the warehouses, and they begin shutting down ops.
Click to expand...

Um...or California shuts down everything like they just did. Unless the governor grants an exception, their six (?) warehouses there will be closed. They have around a hundred in the US so that isn't a huge hit but it will affect them for Q2 for sure.
 
I bet AMZN will have a great Q1. BTW, earnings is on 23 Apr.

One thing I am wondering, though...

One thing that could negatively affect that is if COVID-19 becomes more prevalent within the warehouses, and they begin shutting down ops.
 
bmneveu said:
Also announced today they are closing their Pantry operation until further notice. I wonder if they will really need an additional 100,000 workers without that function of their business.
Click to expand...
Lots of people stuck in the house. Orders and Orders for Misc stuff. I ordered something two days ago PRIME Free One Day Delivery++++ it will arrive Monday!!
 
tsptalk said:
What 50 and 200-day averages? The close is key, though.

031920c.gif
Click to expand...

I bought @ 958.00 on 15 May 2017. I sold @ 1,936.05 on 4 Mar. Total return was 103%. It has been resilient during this pandemic... falling into the 1,600's... and bouncing back. I had an awesome run. It's one for the books.:fing02:
 
What 50 and 200-day averages? The close is key, though.

031920c.gif



tsptalk said:
Individual stocks aren't on many people's minds right now, but I thought Amazon may be trying to show us a light at the end of the tunnel. It was up on Wednesday, broke above resistance, but now faces the dreaded 200-day EMA in a bear market. If it can get back above 1900 the rest of the market may take notice. (disclosure: I still own it).
Click to expand...
 
Individual stocks aren't on many people's minds right now, but I thought Amazon may be trying to show us a light at the end of the tunnel. It was up on Wednesday, broke above resistance, but now faces the dreaded 200-day EMA in a bear market. If it can get back above 1900 the rest of the market may take notice. (disclosure: I still own it).

031820d.gif
 
You must log in or register to reply here.
Back
Top