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UnknownUnicorn5511258
Nov 20, 2020 2:13 PM

Amazon's Potential Second Supernova  Long

NASDAQ:AMZN1D
Amazon.com, Inc.NASDAQ

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While I would simply prefer a crash from here and a reasonable societal fallout, it seems there's a chance for certain members of the Nasdaq to go "parabolic," as they say.

Sure, why not.

Guess you gotta go up before ya go down?

- South American Pig


NASDAQ:AMZN
NASDAQ:NDX
SPCFD:SPX

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SHORTING this. Join me or not, i wouldnt long this today or this week.

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This put play is shaping up to be glorious.

If you are wondering whether this is the top or the bottom of a new bull trend, i think Amzn's last 20 minutes should alleviate the confusion.

The last several months worth of horizontal actiion forms an ending horizontal triangle; not a "Wave 2."

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Call me crazy, but I just bought probably too many 3180 puts expiring tomorrow.

Just a heads up, in case you are also crazy-ish.

Dont even think about it if itll cost you more than 10% of the portfolio.
Chart PatternsPivot PointsTrend Linesamazonexplosionlongiguessitsallcomingdownanyway
Comments
Halhal0101
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Is AMZN breaking out of the triangle finally?
UnknownUnicorn5511258
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@Halhal0101, no idea.. feel like its gonna rip down the second it looks like a move to 4500.
horacejunior
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Actually I don’t believe you have missed an AmZn pig play yet. Super cereal stuff right here
UnknownUnicorn5511258
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@horacejunior amzn will end up closing at like 35XX+1 or something if not at double the current ath.

nvda and apps should be hammered right this instant, tho.
vvrr
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what positions u like ?
UnknownUnicorn5511258
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@vvrr, scooped up 2090 for next week (3). its relatively much better deal just bc its above 3100, which of course, is meaningless.
vvrr
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@Perma_Pig, wait to be clear... 1/15 2090p ?? - thank you for the clarification
UnknownUnicorn5511258
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@vvrr, yes
vvrr
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update on this ? do u like a earnings play?
thanks!
UnknownUnicorn5511258
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@vvrr, no, it shouldve made ath months ago. i do not like the earnings play unless its a short. they murdered the last two and got zero love. prob better to just stay away tbh.
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