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
Buying AMZN
Started by
denleo
, Feb 06 2007 02:47 PM
5 replies to this topic
#2
fib_1618
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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
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“Wise men don't need advice. Fools won't take it” - Benjamin Franklin
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#3
pdx5
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I want return OF my money more than return ON my money
Posted 06 February 2007 - 03:08 PM
FWIW Amazon is a well run outfit. My purchases on Amazon have
gone thru smoothly. I had one problem recently from a vendor who
sent me a movie DVD for region 2 which is for Europe & middle-east.
The vendor gave me the run around, so I filed a complaint with
Amazon and they refunded my money promptly.
"Money cannot consistently be made trading every day or every week during the year." ~ Jesse Livermore Trading Rule
#4
dcengr
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Posted 06 February 2007 - 03:10 PM
Entry, stop, and target?
Qui custodiet ipsos custodes?
#5
denleo
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Posted 06 February 2007 - 03:14 PM
Thanks Fib.
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
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
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
2cents
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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
My opinion isn't worth the HTML it's written on
