• Shade7x
    AMZN.... I hope you bounce back. I made a rookie mistake buying you at 206 the other day when you were soaring. But if you go too low...
    3/29/12
    Reply (22)
    • Andrew Sherlock: LOL AMZN has been so much lower for so long. The last thing I can ever imagine considering was buying at 206. I worry for you.
      3/29/12
    • Brian Benda: Don't listen to the critics. I like AMZN at $206 and $201. Very short-term, it needs to hold $200. I will sell my stake on that break.
      3/29/12
    • Brian Benda: There is nothing wrong with taking a chance on a stock that you like at any price, so long as you have a goal for the trade and a stop loss.
      3/29/12
    • Andrew Sherlock: Ok Brenda where were you last week or the week before. Shade didn't just wake up today and think AMZN is great. He missed the boat.
      3/29/12
    • Andrew Sherlock: There is such a thing as having bad timing. You are blatantly encouraging bad timing. I never said AMZN was bad. Its not hate its care.
      3/29/12
    • Andrew Sherlock: Welcome to the club of bad traders brenda. Let me give you a medal and a cookie for your irrelevent and destructive opinion.
      3/29/12
    • Brian Benda: First off, if you want me to take you seriously, get my name right. As for timing, you don't have to catch every stock at its trough.
      3/29/12
    • Brian Benda: Every person has a different trading time horizon -- intra-day, weekly, monthly, long-term. How can you criticize when you don't know?
      3/29/12
    • Brian Benda: Trading is about managing risk, not catching every stock before it runs. If you have a plan and a stop loss, you have no room to criticize.
      3/29/12
    • Brian Benda: Could he or someone else have bought AMZN cheaper, sure, but that is always the case. I applaud someone who knows and manages their risk.
      3/29/12
    • Brian Benda: That is my point here. I bought AMZN at $205 and again at $200. I will sell if it breaks $200. My downside is negligible, upside unlimited.
      3/29/12
    • Brian Benda: If I am wrong, I am wrong, but it is about managing the trade. Doing so, I don't have to be the best stock picker in the world. K-I-S-S.
      3/29/12
    • Andrew Sherlock: I really can't fight you if you believe buying 206 was a good idea. It was not and thats a fact no matter how you manage risk.
      3/29/12
    • Brian Benda: Not looking for a fight, just stating it is naive of you to pass judgement on a trade when you don't know the time horizon or specifics.
      3/29/12
    • Brian Benda: AMZN is only 1.75% below $206. You act like it has tanked. Out at $200 is a 3% loss. Nothing ventured, nothing gained. Min loss, max gain.
      3/29/12
    • Brian Benda: AMZN at $206 represents 50% retrace of October to December decline. Assuming it will retrace to at least the 62% fib @ $216 is reasonable.
      3/29/12
    • Brian Benda: Nobody is saying it is the best trade ever. You are acting like it is worst ever. There are almost always better prices to buy stocks at.
      3/29/12
    • Brian Benda: If you have a game plan that gives you an opportunity to make money while limiting loss, there is nothing wrong with the trade.
      3/29/12
    • Andrew Sherlock: Whatever works for you. I prefer not to buy at highs and sell at lows.
      3/29/12
    • Brian Benda: Nobody does, but deciding not to buy because stocks keep going up has kept you out of the market during this entire rally.
      3/29/12
    • Brian Benda: I understand why you do not like AMZN at 206 or 200, but that is also why a trade plan and a tight stop are necessary. Good luck!
      3/29/12
    • Shade7x: Yeah, if it breaks 198, I've got a stop. Thanks for the opinions though. Looks like today, I would've lost more money in something else...
      3/29/12