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MDawg
MDawg
Joined: Sep 27, 2018
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July 27th, 2021 at 10:40:10 AM permalink
AMZN 3588 to 3598.

Hit a double bottom there, but, it was still good.
I tell you itís wonderful to be here, man. I donít give a damn who wins or loses. Itís just wonderful to be here with you people. https://wizardofvegas.com/forum/gambling/betting-systems/33908-the-adventures-of-mdawg/
MDawg
MDawg
Joined: Sep 27, 2018
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July 28th, 2021 at 3:30:58 PM permalink
AMZN held its own today - earnings tomorrow! after the bell.
I tell you itís wonderful to be here, man. I donít give a damn who wins or loses. Itís just wonderful to be here with you people. https://wizardofvegas.com/forum/gambling/betting-systems/33908-the-adventures-of-mdawg/
ChallengedMilly
ChallengedMilly
Joined: Jul 25, 2021
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July 28th, 2021 at 5:53:37 PM permalink
So MDawg what did you think of the reddit wallstreet bets guys and other reddit stock subs?
MDawg
MDawg
Joined: Sep 27, 2018
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July 29th, 2021 at 9:50:41 AM permalink
The Reddit guys, etc.? Their ringleader if he got in before the others - well, that's pump and dump manipulation, but over all, this sort of thing has been going on since the beginning of the stock market, with groups deciding to buy into a certain stock and then selling after the general public boosts the price further. But in the Reddit case it wasn't so much small groups but the general public itself that was boosting the price - I mean those Reddit groups were large!

Getting back to AMZN, be aware - the action today has nothing to do with the action after the bell! Stocks like AMZN typically sell off on earnings day as the risk adverse dump. Anything could happen after the bell.

TSLA getting a nice pop on good news.
I tell you itís wonderful to be here, man. I donít give a damn who wins or loses. Itís just wonderful to be here with you people. https://wizardofvegas.com/forum/gambling/betting-systems/33908-the-adventures-of-mdawg/
MDawg
MDawg
Joined: Sep 27, 2018
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July 29th, 2021 at 1:13:10 PM permalink
AMZN beat on earnings, missed on revenue, poor Q3 guidance, way down in the AH. So far.
I tell you itís wonderful to be here, man. I donít give a damn who wins or loses. Itís just wonderful to be here with you people. https://wizardofvegas.com/forum/gambling/betting-systems/33908-the-adventures-of-mdawg/
SOOPOO
SOOPOO 
Joined: Aug 8, 2010
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July 29th, 2021 at 3:04:35 PM permalink
Quote: MDawg

AMZN beat on earnings, missed on revenue, poor Q3 guidance, way down in the AH. So far.



Of course Wayfair and Etsy down Ďin sympathyí whatever that means! I expect all red tomorrow. Hope Iím wrong!
TDVegas
TDVegas
Joined: Oct 30, 2018
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July 29th, 2021 at 6:34:43 PM permalink
Tech will get beat up tomorrow. My FB already took a beating today. Not a good week.

Holding thru tech earningsÖIíve come to the conclusion that the risk reward isnít worth it. High risk, as in Amazon getting trounced (down $270 now) with very little chance for huge upside gains.

Big downside is always a possibilityÖbig upside seems rare. Seems the best play is sell the day before and buy the same shares back next day. After 4 earnings reportsÖmy guess is youíre sitting on healthy cash gains by end of year. Even if you miss upside on 1 or 2 quartersÖseems you make it up plus a lot more on the 2-3 downsides.

FB, Apple handily beat the estimates. It seems guidance trumps all.
MDawg
MDawg
Joined: Sep 27, 2018
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July 29th, 2021 at 8:58:06 PM permalink
If I'm stuck in an AMZN trade, which I haven't been in a while, then I look very closely at earnings day or the runup to earnings day to get me out of the trade profitably, but as far as my very long term AMZN I'm glad I just held it through good and bad earnings days. Same with my very long term NFLX, glad I have held it now continuously for over a decade even though it has been going sideways lately. In other words, market timing doesn't work.

Google too I remember years ago selling minutes before the bell some options (calls) I had bought and feeling grateful when Google missed and dropped the next day, but over time Google has gone up massively, and I'm glad I eventually bot actual shares and just hodled.

Yes it's true, for some stocks there are years when you would have been better off trading, and other years when you would have been better off just holding, but for a stock like AMZN, over all, you are definitely better off just holding it very long term.
I tell you itís wonderful to be here, man. I donít give a damn who wins or loses. Itís just wonderful to be here with you people. https://wizardofvegas.com/forum/gambling/betting-systems/33908-the-adventures-of-mdawg/
MDawg
MDawg
Joined: Sep 27, 2018
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July 30th, 2021 at 11:00:04 AM permalink
AMZN not really doing much other than -250 today, but TSLA is actually green again.
I tell you itís wonderful to be here, man. I donít give a damn who wins or loses. Itís just wonderful to be here with you people. https://wizardofvegas.com/forum/gambling/betting-systems/33908-the-adventures-of-mdawg/
MDawg
MDawg
Joined: Sep 27, 2018
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August 2nd, 2021 at 10:01:52 AM permalink
AMZN still struggling but at least it is green again at the moment.

TSLA green something like four sessions in a row now! Back over 700. Ya' like, SooPoo?
I tell you itís wonderful to be here, man. I donít give a damn who wins or loses. Itís just wonderful to be here with you people. https://wizardofvegas.com/forum/gambling/betting-systems/33908-the-adventures-of-mdawg/

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