Amazon Stock Price, Despite 2015 Q4 Results ‘Miss’, Unchanged Over 48 Hours!

by Anura Guruge


amazonjan29chartdsafs

AMZN chart from “marketwatch.com” on Friday, January 29, 2016 — 1:35pm. Note that current price is HIGHER than it was at 2pm on Wednesday, i.e., 48 hours ago! All of yesterday’s wild swings was ‘just in the wash’.


amazonjan29201655555
Click here
to access “marketwatch.com” original.


I said it last night. These wild, knee-jerk selling/buying of Amazon shares, is hilarious (and profitable) to watch IF you are a disciplined investor.

After-market and pre-market before Friday opening the stock was down over $85. But once the markets opened it settled at around down ~$50. BUT it had made roughly $45 on Thursday ahead of the results. As the chart above demonstrates AMZN is actually trading HIGHER than it was at 2pm on Wednesday — i.e., just 48 hours ago! So all of the last 24 hours, to long-term professional traders like I, was nothing but ‘froth’ — comes out ‘in the wash’. As I said last night it is great for option trading and I did, as is my incurable addiction, wrote two options on AMZN today. Could not resist.

Just trying to bring some sanity to bear, BUT it is OK. Somebody has to drive the stock. Enjoy.


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by Anura Guruge

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