Viking83
Short

Knocking down the giant

NASDAQ:AMZN   AMAZON COM INC
Based on certain cycles and price-pattern confluence I will take a short position in Amazon when it reaches 1900 tomorrow after delivering over analytics estimates. This will be a Nice short since bagholders will be in euphoric state of mind as the herd always is.
Comment: Took a look at stocktwits, my favourite site for checking out the sentiment. It is brewing for perfect storm over the weekend.
Comment: I have the cycle peak in the midst of the weekend. That mean I will undertake the trade late in the trading day as the institutionals will hand over to bagholders as the highest price possible.
Trade active
Comment: 20 usd from my target., dont like it, but timewise; I will be in. I will add on monday in case we rise
Comment: :)
Comment: Secured some profits that will be re-invested on bounce
Thoughts on AMZN at this level?
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Awesome! Congrats!
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we appreciate all that you do scandinavian warrior
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Anyone taking puts in this beast? There are $200 contracts at $1500 price points for EOM August
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Viking83 Swingman39
@Swingman39, Indeed. Look outside, the moon is bloody red soon and so will this be
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No question about it. Looking at puts but the premiums are high.
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Viking83 metfan
@metfan, They are since the price of the stock is almost 2000 lol. Settle for a lower strike and you will still be handsomely rewarded if the trade plays out like expected.
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