59 South said:

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$AMZN 3700 yooooooo

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Last time it hit $3700 things didn't pan out so well. Think it can sustain this time?

59 South said:

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$AMZN 3700 yooooooo

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Nailed it.

$MARA with a RDR on daily with Stewie pickign up on it. I bought Dec3 55/60 vertical spreads for $1.20. Nice R/R/ here.

FTCH closing the gap in one swoop on earnings. Who would have ever seen that coming? /sarcasm

y'all see that volume at the close for $RIVN? Really interesting.

bought some $AMAT down here on earnings reaction.

McInnis 03 said:

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Every single WWR owner here is looking at you with "who farted" eyes right now. (ME INCLUDED)

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WWR has had a major volume surge for the last month and a half. I think the tutes are messing with you.

agdaddy04 said:

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59 South said:

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$AMZN 3700 yooooooo

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Last time it hit $3700 things didn't pan out so well. Think it can sustain this time?

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Maybe but if I was in a short term options trade I'd have sold at the 3700 magnet today. I think it is getting ripe for an absolute ripper to 5k though in the next 6 months or so but I'm biased with my wad of shares I bought a few years ago. I want a 20:1 split and I want it bad.

McInnis 03 said:

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59 South said:

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$AMZN 3700 yooooooo

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Nailed it.

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A blind nut finds a squirrel every now and then

$30,000 Millionaire said:

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The Russell may be a solid dip buy. I actually really love buying from this area.

The 8 is above the 21 and the index closed right on the 21. Such an easy trade from here. Buy on some strength, stop loss at 21.

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IWM Dec verticals? I think seasonally this is a great play too.

Unless we get a macro correction, I think we get to 4200 even without a split.

59 South said:

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agdaddy04 said:

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59 South said:

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$AMZN 3700 yooooooo

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Last time it hit $3700 things didn't pan out so well. Think it can sustain this time?

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Maybe but if I was in a short term options trade I'd have sold at the 3700 magnet today. I think it is getting ripe for an absolute ripper to 5k though in the next 6 months or so but I'm biased with my wad of shares I bought a few years ago. I want a 20:1 split and I want it bad.

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Bezos said he doesn't want a split. Says he wants AMZN to function like Berkshire Hathaway. Said he learned from previous/early splits it wasn't the right thing to do. He said investors will pay the price if they want the shares and splits are not necessary.

Now, to present day, Bezos isn't at the helm anymore and the new guy may want a split.

I'd like a split, but I dont think it's happening.

In 2021, some analysts predicted that if AMZN does not split in the next 6 to 12 months (the 6 to 12 months fell in the 2022 and 2023 time bucket), AMZN will run past $10k...easily....after it's apparent the split is not happening.. That would be okay with me too.

59 South said:

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agdaddy04 said:

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59 South said:

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$AMZN 3700 yooooooo

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Last time it hit $3700 things didn't pan out so well. Think it can sustain this time?

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Maybe but if I was in a short term options trade I'd have sold at the 3700 magnet today. I think it is getting ripe for an absolute ripper to 5k though in the next 6 months or so but I'm biased with my wad of shares I bought a few years ago. I want a 20:1 split and I want it bad.

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No, I'm long. Nothing too crazy, but bought 50 shares earlier this year when it was around $2900. I'll take 5k for sure.

I guess it's a lot easier to not need a split now the way retail purchases. In the past, didn't you have to buy in lots of 100?

Yea I'd be cool with that too. Would just like to be able to sell covered calls. And the high price makes it trade like an oil tanker makes a turn. I rarely trade it so no split and 10k for my long term shares would be fine by me.

Anyone have an opinion on XELA? This seems like a good place to load up.

agdaddy04 said:

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I guess it's a lot easier to not need a split now the way retail purchases. In the past, didn't you have to buy in lots of 100?

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Yes. However, you could place orders for less shares but the broker made you feel less than worthy as a human being and the brokerage was upped. I HATED that crap. Couldn't wait to leave Merrill Lynch. (Merrill Lynch office in Ft. Worth was one of the worst broker/investor retail outlets on earth. Full transparency, their Lubbock office was a dream.)

Fractional share trading has broken this thing wide open.

Farmer @ Johnsongrass, TX said:

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agdaddy04 said:

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I guess it's a lot easier to not need a split now the way retail purchases. In the past, didn't you have to buy in lots of 100?

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Yes. However, you could place orders for less shares but the broker made you feel less than worthy as a human being and the brokerage was upped. I HATED that crap. Couldn't wait to leave Merrill Lynch. (Merrill Lynch office in Ft. Worth was one of the worst broker/investor retail outlets on earth. Full transparency, their Lubbock office was a dream.)

Fractional share trading has broken this thing wide open.

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Good friend of mine was in their Abilene, and then Lubbock offices. Tech grad but super guy.

agdaddy04 said:

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I guess it's a lot easier to not need a split now the way retail purchases. In the past, didn't you have to buy in lots of 100?

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Fractional shares are a thing now, but 100 shares min? I've never seen that in my investing life (~10 years)

I bought 20 amzn back in 2016, never sold any, don't plan to until retirement.

mazag08 said:

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$30,000 Millionaire said:

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p.s. don't convert to being Elliot Wavers.

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Is this a dig at me?

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No, I just read a few pages over the last few days and there was a lot of Elliot Wave discussion. Like anything else, it's a system, and if it works for you, great.

Irish 2.0 said:

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*CHAMATH SAYS EXPECTS TO RAISE INVESTMENT IN CLOVER HEALTH $CLOV

— *Walter Bloomberg (@DeItaone) November 18, 2021

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I can sell the CLOV shares I just bought for a $0.19 gain.

It would be a shame if I didn't leave you all with a good nugget today.

Take a look at $SHOP. You want to see this take out ATH with authority. Verticals are the way to play. This could consolidate for a bit before it goes. Keep in mind /NQ is at +3. I would like to get this at $1656 for a long.