Tuesday, January 29, 2013

AMZN Earnings

The reason I don't care too much about after hours trade after earnings is because in very few circumstances is smart money going to be active in a market that is extreme and reduced liquidity unless it's to their benefit, they aren't chasing anything.

The other reason is we have seen after hours do one thing and sometimes pretty extreme and the next day do the exact opposite and just as extreme. I feel good about a partial position in AMZN in place (short), I hope that we get the opportunity I mentioned earlier today.

Take a look at this chart...
There's a problem there, the thing is it looks like a lot of other market averages or stocks, but the fact still remains, this is AMZN's chart, not the market's.



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