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John M.

11/09/2020 12:23

$Amazon.com For reference. I believe this has very little to do with Bezos selling shares. This has everything to do with Pfizer's most recent announcement that it's vaccine has proven to be %90 effective. You're seeing a rotation out of tech for the moment. Disney for example just had a huge spike. We will have to wait and see if it lasts.
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All Comments(5)

M*****S11/09/2020 13:00
You're exactly right...this might last a few days until people sort out the realities (how long until everyone vaccinated, side effects, etc)...betting we see a down week in Amzn followed by a slow but steady increase back within range.

John M.11/09/2020 13:05

I completely agree. It will take time for people to sort out the logistics and true impact of Pfizer news. Meanwhile banks, cruise lines and other re-opening plays such as Disney are booming. The reaction may deepen even further. But I believe as you say Amazon will eventually see a steady climb back up. Long term hold mentality is the only thing that will keep investors sane at this exact moment.

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BigC 8%11/09/2020 12:44
Jeff unloads stock yearly for his space companY.. everyone knows that

John M.11/09/2020 12:46

Agreed. This vaccine news is having an effect on tech across the board. We will have to wait and see if the reaction deepens even further at opening bell.

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phi***com11/09/2020 12:33
Do you think it will bounce at pivot support level 3250s and back higher? even if it did bounce there ww could ger 3300 resistance and its a dead cat bounce. This could selloff more. maybe 3200 support level? Everybody is confused? Will pot stocks fly? what are you looking at?

John M.11/09/2020 12:39

I've been in Disney for a couple of weeks now. That was my one re-opening play. Weed stocks rising has to do with decriminalization efforts that will possibly come from a Biden administration. As to whether Amazon will come back from this, I believe it will. Amazons cloud efforts along with other endeavours make it more than just an online retail stock. However it may be wise to wait and see what the market does at open. Vaccine news is to recent and the reactions may deepen at least temporarily

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amo***com11/09/2020 12:33
I think market does not react instant news sometimes. Bezos offloading now making news...

John M.11/09/2020 12:35

Bezos offloading shares has been known for hours if not longer. Amazon kept soaring. Pfizer news comes out and this immediately tanks and the cyclicals soar. You be the judge of what just happened.

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huf***com11/09/2020 12:25
ding ding ding, we have a winner

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