AMZN trading behavior is poor and heavy; speaker avoids focusing on it until technicals improve.
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Someone wants to know your thoughts on Amazon and how choppy it's been. so Amazon, I think Amazon trades like crap. Like what the hell?
You know what? If there's a reason for Amazon to play some catch-up, it's here and right now. If it can just get through that 21day, 50, 100 day area, we can break out. So, we started buying 249, right?
Then we got then 255 was where that area was to add some alpha to the trade. We did calls. It got to 259, 260. And I said, "Guys, we just made 10 points." And you know what? It felt like the hardest 10 points ever.
We got out of all our coals. We sold a lot of stock and now I'm still holding some going, I wish I sold all of it.
But it's heavy. It's heavy. Whether it's they their agreement with non-aggreement with Muse and Muse making an agreement with Shopify, whether it's retail slowing down because of oil, whatever the hell it is, whether it's Bezos selling, Amazon is a cheap stock, but it trades like a stock under fire.
It's very heavy. So, I'll keep nibbling at specific moments, but till the way it trades is better, I'm not going to focus on it because I feel lucky. I can't believe I made 10 points in some of my stock.
The stock trades heavy. That's how I feel about it.
What this channel has said about $AMZN
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