$Direxion Daily AMZN Bull 2X Shares (AMZU.US)$ Amazon should...
$Direxion Daily AMZN Bull 2X Shares (AMZU.US)$ Amazon should be bought here admittedly I was a day and a half early.. you had a short seller a famous person if you want to call him I guess infamous would be better that shorted Google shorted Amazon couple of days ago yesterday obviously we had a bad day in the market this whole week's been for shit quite frankly and there's sectors rotating in and out of favor Amazon is the 800 lb gorilla they're doing everything right that you can possibly do in a company they beat earnings they raise guidance and it's on a support line and it should be bought here I don't see it breaking down we are I don't believe going to retest the day of the Israel Iran attacks, the markets down 580 you had a sickening feeling in your stomach I'm not there so I don't see the stock retesting those types of lows I'm going to buy more this morning to average down what I bought the other day and I'm going to look for a turn and this company and new highs
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36 yrs in the trenches, raised 100mil for start ups, syndicate ipo's, yrs on trading desk mkt maker.
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MonkeyGee : This is what's great about Moomoo. You have other people sharing their opinions. Don't take this the wrong way. But you are buying at the top, and if AmZN breaks the 20MA, it's a long way down with 2x.
10baggerbamm OP MonkeyGee : oh you can look at charts in any configuration and come up with a potential downside demise. you also have to understand that new levels of support are developed after confirmation of earnings and that's why you have this triple threat that now exists within earnings you have the company's forecasted revenue they're forecasted earnings and then their forward guidance and then you have whisper numbers for all three so if you do not exceed The whisper numbers on all three you get taken out behind the barn and shot if you do it provides a new level of support along the way. all that being said you're absolutely correct if we had a global event occur let's just suppose that Israel took out the nuclear facilities in Iran blew them all to hell that would shake the markets probably four or five percent in a day it's good news but it's the potential for retaliation because China and Russia support Iran.. so if there were to be some event then you're absolutely right you can see how all stocks broke down on week of April 15th and broke every support level when we had that I ran Israel attack. Amazon could be 155 in a blink of an eye if there were to be some event that transpires on a global basis that has enormous potential ramifications in the gravest extreme scenario. so what would the logical response be if that were to happen well for me it would be by more because when I'm is on exceeded all estimates they're AWS is growing exponentially and every division is exceeding what all of these quote unquote experts said it was going to do then their valuation actually compresses if the stock stays at the same price they become cheaper relative to their earnings