8 replies to this topic

[2cents]

40.25

[hiker]

I have not covered AMZN short...I am gunning for lower than 38.50..note to 37 zone on daily. 37 would suprise me but who knows...CC just started minimum risk to upside is approx 39.30.

Edited by hiker, 01 February 2007 - 05:13 PM.

[2cents]

I have not covered AMZN short...I am gunning for lower than 38.50..note to 37 zone on daily.

37 would suprise me but who knows...CC just started

minimum risk to upside is approx 39.30.

Thanks Hiker

I think it can gomuch lower. We'll have to wait for the con call.

[hiker]

Q and A in CC just started with answer to first question

[dcengr]

CNBC was great. Right as the market closed, they were showing the 'closing cross' for AMZN showing how much more buyers there were than sellers This feels just like 2000. An army of hungry day traders trading on nothing but rumor, then selling it off when it doesn't go their way.

[hiker]

will 37.85 be tested...day's low? dc - you think daytraders are a bunch of fools?

Edited by hiker, 01 February 2007 - 05:31 PM.

[dcengr]

will 37.85 be tested...day's low?

dc - you think daytraders are a bunch of fools?

As a bunch, I'd say most are losers. Those ones that are profitable are GOOD.

I am merely pointing to the swelling ranks of day traders that may be evident these days, and how that will fall out.

[hiker]

I covered...probably early...back to trading it later. WOW! DC...I wish I knew as much as you do about so many things that are invisible in terms of hard facts... If anyone ever asks you how to daytrade, be sure to tell them not to. Then give them undergroundtrader.com as a resource.

Edited by hiker, 01 February 2007 - 05:39 PM.

[2cents]

I covered...probably early...back to trading it later.

WOW! DC...I wish I knew as much as you do about so many things that are invisible in terms of hard facts...

If anyone ever asks you how to daytrade, be sure to tell them not to. Then give them undergroundtrader.com as a resource.

Hiker

I think what D is trying to say is that at this point in the cycle the day traders come out of the woodwork. I remember an accounting firm in CA that had a lot of day traders for clients. Not one of them made money. There are some good ones but if I had to guess I would say it's less than 2%. They are not willing toput in the time like you do. Most are very fleeting.