AMZN

Amazon, someone's like, "Hey, Red Dog, do you think this is going to do what Google did?" Um, all I know is, uh, you have 249 to play against. I bought a little bit yesterday. Um, it's still stuck in this descending channel here.

It's doing a whole lot of nothing. Um, it's uh down a$11. I'll probably buy a little bit more. You have to give it some room and try it a few times. You have to try these things a few times until they work.

It depends on your trade. If you were long at verse 262, you had to get out here. If you were long verse the 50-day 255, you had to get out when it broke it. So now this is the new frame trade. if you want to do it or you say, "Hey, I'm in Amazon for the next few years."

But anyway, so I bought Amazon yesterday. I might add to it as long as it holds here and if it happens to break this descending trend line, you know, this is where it was uh post earnings.

So since then, you had two-day move and then grind. That's tough. That's not easy.

Even even Amazon, people go back to Amazon because they think at some time it's going to wake up and then it hasn't, you know, here it get the crappiest action ever. So, you know, I know I I made money in a in a call spread and then you get these two big days.

So, now you're like, "All right, it's going to be great again." And if you're long verse 262, because that was the gap pivot, that's the play. That's the strategy. All of a sudden, it's been a mess.

It's just trickled in, trickled in. Every day one that turned into something that could be better was suffocated. So, that's been hard. And now you have another Now, it just took out SE 251 on its way down.

And I have a whole another new point of reference at 25065. I am trading these things a lot less because there is a lot less opportunity. Um and it's hard. At some point this will probably also get back above this.

But how it does it has been very hard, right? Uh get it done. Um so if you you know if you think it's going to take out 287, what you got to do is maybe not go out two weeks. Go Yeah. like go go go out to December buy the December 285s and then if it really starts acting better you could stay with it like here this was a better sequence this gap up never got filled you could have bought the you know it was lower and then took out the high and look at that you had actually like you know a a month of rolling up options and really good trading anyway

And remember, there are other companies like Google and Amazon that sell chips, and they're on that list too. I didn't call them a chip company because they have other significant businesses too, right?

Amazon and Meta are my favorites, but not in the short term, but for the long term. So, when thinking about the next five years, Amazon and Meta are my two favorites.

Um Amazon had a shakeout in here. I got caught in that. And now it looks like Amazon could be maybe needing with that declining up to that declining 20-day moving average. I certainly wouldn't chase it here.

It needs to digest this gain. Maybe it goes another day or two and starts to pull back.