Amazon.com is causing a stir on StockTwits as the internet retailer announces a deal to buy Zappos.com for $807 million. The deal is a significant sign of recovery as M&A activities suggest increased risk taking and growth prospects. AMZN has formed a strong base over the last four months and looks primed for a breakout…
I buy books from Amazon (AMZN) and a subscribe to Netflix (NFLX). That is fundamental strength. These charts are moving up and continue to trade above key levels. That is technical strength. Long AMZN and NFLX while short the Retail HOLDRs ETF (RTH) is a solid trade, but risk managment is crucial to success.
Here are the tickers making noise on StockTwits The last time I mentioned AMZN was here, and contrary to my forecast, it has risen over 15%. Now that it is approaching the upper Bollinger, I’m technically more bullish, but I suspect this stock is an investment trap. FCX remains in a vicious downtrend, but a…
Hot Stocks on StockTwits.com Amazon is a company I love and use, yet AMZN is poop. Bless Mr. Bezos, but until Kindle can be purchased by working stiffs, it’s a luxury in an age of frugality. CEG is an interesting HIGH RISK long. Look at that volume. FCX continues to prove that there is no…