$Amazon (AMZN.US)$ how is this up lol tech dum asf right now...

MomentumPython1337 : you have no idea what you're saying... just sounds like you're panicking deep inside

MomentumPython1337 : crowdstrike outage is actually good for amazon they have their own aws protection called aws shield they have very little to do with crowdstrike and their products

MomentumPython1337 : why bother explaining you're just going to ignore my replies anyway

LivingYears MomentumPython1337 : thanks for the info. it's given perspective.

MomentumPython1337 LivingYears : happy to help. i am adding on the dips AMZN is a pesky stock it tends to have these periods of weakness if you zoom out and check its history previously  there will be dips of several consecutive red days but the most important thing is after that consecutive red days it usually reclaims the previous high very quickly and then reaches new highs afterwards.

the main assumption is the market needs to be in a bull run now the SPY and QQQ are showing weakness it's closing below the ema21 that's bad for the short term but i need to remember that every year SPY has 3 x 5% pullbacks so this might just be a 5% pullback and the current pullback is almost 5% so let's see on Monday. part of the selloff is associated with uncertainty over biden dropping out or not and who will be the democratic candidate, investors hate this kind of lingering uncertainty they want certainty they priced in a trump win but now what happens next. and the global outage earlier might also be a factor i doubt it but it might be dampening sentiments a little bit.

LivingYears MomentumPython1337 : nice, thanks for the trend analysis.
I bought into a call option at 180 when the price was at 193, now it's almost like OTM. how big a difference 1 day makes. got 3 months time, fingers crossed it pop back up after earnings.

MomentumPython1337 LivingYears : 3 months should be more than enough.

i bought 197.5C for today 3 weeks ago and i got fucked upside down