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Non-Tech : Kirk's Market Thoughts
COHR 182.49+3.9%10:33 AM EST
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To: Kirk © who wrote (6540)1/9/2019 11:36:28 AM
From: Fintas2 Recommendations

Recommended By
Kirk ©
toccodolce

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I'll send you a RSI PNF chart to let you see the downside risk. My ONLY angst with Amzn is that I was considering it way back in the 4 area and because I had seen the thugs crush a few, I decided in spite of my always optimistic view, I had seen them destroy too many others. So I didn't touch it. At the SAME time I was always considering Netflix and ditto. Now I'm not sure I would have hung in all the way but for either of those who did. Youser.

Saying that, I'm not about trying to find a double in an Amzn or a Nflx or hmm CAT. I want the next 3-5 times in a realistic time. Amazon needs to complete it's bottom before upside can be understood. So for the day trader who wants to time and jump in for that 10-20%. OK by me.

BUT for those who were buying amzn in the 1850-2020 area they best have sold deep in the monies re covered calls or be prepared to size in or wait for the time required to get back to even. Which on an aside many are still doing with GOLD that bought bought bought from that 1923 to that 1458 and are still waiting to get even. The good news for Amzn types is the turns can be faster especially if the DEPTH is reached quickly.

IMO

Fintas
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