Gentlemen and ladies..get ready to start your engines.
Amazon begins trading on a 20 X 1 Stock Split this Monday June 6
And for anyone who hasn't been paying attention,
based on Friday's June 3 Close of 2447, the stock will OPEN for trading Monday at 122.35
Retail traders are salivating this weekend,
getting their buy orders ready to BUY AMZN,at this split"reduced price
as soon as they get the green light, Monday morning when premarket trading begins.
The logic for buying here is simple.
There will be a buyer behind each trade each minute that passes, will bring more excited buyers
who just HAVE to own Amazon on Monday June 6.
I mean how often does a multi thousand dollar stock get reduced to nearly $100 a share.
into the stock to take the stock higher.
Easy money..right ?
Well waiting in the wings will be the large institutional money, just ready to pounce,
wanting to distribute and sell their holdings, on this technically high risk stock,
SEE CHART on any meaningful rally that retail can muster.
Unless you ultimately want to get burned,
stay away from this 20 X 1 stock split.
Better to watch all the excitement from the stands on this one,until a real winner on Amazon
the buyers or the sellers is declared
Thanks to Mark Rivest, who writes here on Tradingview,
and has his own website based on Elliot Wave Analysis of markets, for encouraging this post.
THE_UNWIND
6/4/22
Woods of Connecticut.
Amazon begins trading on a 20 X 1 Stock Split this Monday June 6
And for anyone who hasn't been paying attention,
based on Friday's June 3 Close of 2447, the stock will OPEN for trading Monday at 122.35
Retail traders are salivating this weekend,
getting their buy orders ready to BUY AMZN,at this split"reduced price
as soon as they get the green light, Monday morning when premarket trading begins.
The logic for buying here is simple.
There will be a buyer behind each trade each minute that passes, will bring more excited buyers
who just HAVE to own Amazon on Monday June 6.
I mean how often does a multi thousand dollar stock get reduced to nearly $100 a share.
into the stock to take the stock higher.
Easy money..right ?
Well waiting in the wings will be the large institutional money, just ready to pounce,
wanting to distribute and sell their holdings, on this technically high risk stock,
SEE CHART on any meaningful rally that retail can muster.
Unless you ultimately want to get burned,
stay away from this 20 X 1 stock split.
Better to watch all the excitement from the stands on this one,until a real winner on Amazon
the buyers or the sellers is declared
Thanks to Mark Rivest, who writes here on Tradingview,
and has his own website based on Elliot Wave Analysis of markets, for encouraging this post.
THE_UNWIND
6/4/22
Woods of Connecticut.