As of Friday, I am long January $130 puts on this persistently-overvalued online retailer and cloud-data-purveyor. There was an island reversal gap at 133.69, and the counter-trend push seems to have exhausted on July 3rd.
Goin’ Down on Amazon
Slope of Hope Blog Posts
Slope initially began as a blog, so this is where most of the website’s content resides. Here we have tens of thousands of posts dating back over a decade. These are listed in reverse chronological order. Click on any category icon below to see posts tagged with that particular subject, or click on a word in the category cloud on the right side of the screen for more specific choices.
Lurch then Wait
How nice to wake up to a full five-day working week. No special Albanian Cabbage God celebration. No federally-sanctioned time off due to Pansexual Awakening Month. None of it. Just good old work.
It would be nicer if the steady burn-off in prices that took place all through Sunday night had held on, but no, the magical Midnight hour arrived, and it all went away. I also saw that Squirrel mentioned a “special rebalancing” that was mysteriously announced by the NASDAQ, clearly with the hope of propping up nominal index data for the sake of Ma & Pa Kettle retail investors.
