Buying AMZN
#1
Posted 06 February 2007 - 02:47 PM
#2
Posted 06 February 2007 - 03:04 PM
Amazon has one the better bullish chart patterns out there - you should do well on the position once it gets above 38.Seems like everyone hates the stock. Me too. Earnings are poor, technicals are questionable, it was downgraded by several firms. No reason for it to go down any more. So I bought a lot of it.
Fib
Better to ignore me than abhor me.
“Wise men don't need advice. Fools won't take it” - Benjamin Franklin
"Beware of false knowledge; it is more dangerous than ignorance" - George Bernard Shaw
Demagogue: A leader who makes use of popular prejudices, false claims and promises in order to gain power.
Technical Watch Subscriptions
#3
Posted 06 February 2007 - 03:08 PM
#4
Posted 06 February 2007 - 03:10 PM
#5
Posted 06 February 2007 - 03:14 PM
I am long the stock, so there is not much to worry about. Remember the 90s? This is much better. You can buy pretty much anything at any price and it will make money for you.
Denleo
Entry, stop, and target?
I bought it for 37.80. I don't need a stop (I am long, not short). No target. I will keep it for a few weeks.
Denleo
#6
Posted 06 February 2007 - 04:03 PM
Seems like everyone hates the stock. Me too. Earnings are poor, technicals are questionable, it was downgraded by several firms. No reason for it to go down any more. So I bought a lot of it.
Denleo
If everyone hated the stock it would be $18 where it belongs. I think thats a tough buy where it is. I had just added to shorts. I guess we'll have to wait and see.
Good luck