25% bounce from recent low AMZN stock will split 20:1 I believe after the close Friday. Never understood why anyone thinks a split changes anything in the fundamentals or value of a company other than shares will be cheaper for the retail gambler I mean investor to dip their toe into AMZN stock. Shorted twice today via June 3rd puts will be looking for a longer...
Looking for an entry point to buy AMZN for an oversold bounce.
I have only shorted this stock in the past because of the head and shoulders formation I have previously drawn out when stock was well into the $600's and failed to breach the $619 neck line. It's highly overvalued by PE metrics though they continue to grow and post blowout earnings. NOW is trading above the cloud and the bottom of the downward channel which...
Same as GAP, NFLX, AMZN and every other consumer related stock AAPL is not impervious to the headwinds. Consumer is tapped out! $6 a gallon gasoline here in CA. Inflation . Higher interest rates. Rising wages. Labor force shortages. Consumers being squeezed on every front. Something has to give! Prior to the Russian invasion of Ukraine, prior to $6 a gallon...
NFLX is still oversold after forming a near term bottom. Looking for a bounce to $220-252 range. It's hard to find anything to short in this market with so many stocks oversold and at/ near 52 week lows. Bear markets can have violent spectacular rallies on the way down which is why I am entirely long this week. GL
Oversold on several indicators looking for a bounce over $26.00. Purchased 200 June 3rd $20 calls when stock was around $19.88 this morning. GL
Oversold on several indicators but still trading above the cloud overall, looking for a bounce to $131-136 in coming days. Bought 90 June 24th $125 calls
Added further to my calls today to a max position. fib .236 is $128.52, .382 is $134.56 retracement most common is .618 $144.49/ Way oversold on several indicators with gap to fill, expecting a 50% retracement of gap. I have 105 June 24th $125 calls. GL
Fib .618 is $13.58 should retrace to or close to this level. Definitely added more calls than I thought which is why I don't like placing order with my phone. June 17th $12.00 calls QTY too many lol
Many companies are missing earnings and withdrawing guidance. I think the 35% drop is overdone, oversold on several indicators. Bought 300 June 17th $12.00 calls looking for a bounce back to $15-16 range but as always will adjust and be nimble on my targets.
Purchased 150 June 17th $17.50 calls. Stock is at $17.30, looking for a bounce to $20-21 range or fib .618
Looking for an oversold bounce to $225 range. Long 1500 shares $211 average. Will add 250 shares every $2 drop as this could see $190 range. If stocks breaches $200 I will begin buying calls. As I'm not confident the bottom is in, I would prefer to be long common shares for now.
FB reported atrocious earnings, revenue miss and slowest growth since IPO and goes up, CHTR sells off on good ER. This is the market we're in. Support appears to be in the $410 range. Stock is way oversold. Looking for an entry point for a bounce.
Inflation has caused households to get squeezed on every front. Vacations are a luxury not a necessity. Consumer is tapped out! $6 a gallon gasoline here in CA. Inflation . Higher interest rates. Rising wages. Labor force shortages. Consumers being squeezed on every front. Something has to give! Same as GAP, NFLX and AMZN evidenced the consumer is cutting back....
Facebook is not cool anymore, the next generation isn't interested in anything their parents and grandparents are part of. TikTok has been eating Youtube, FB, IG, Reels lunch. Russia blocked FB 71 million and IG over 80 million accounts. AAPL's tracking software has hindered Facebooks ability to target advertising. The metaverse, whatever that will become is...
It would be foolish of Elon Musk to buy the absolute sewer of social media. He would be leveraging TSLA shares and ultimately the company by borrowing the funds to secure this overpriced deal on money losing garbage TWTR. Bought 100 May 27th $51 puts in addition to this deal possibly not going through, I don't believe earnings will beat. TWTR is not efficient...
Bought 100 BMY May 6th $75 puts. Will add for each $1.00 increase.
Way oversold on several indicators. They fired their CEO which caused a drastic drop today. When the CEO is replaced I'd expect the stock to rally back into the $50's. Oversold for a bounce