Trading Growth - Investing in stocks, investing the stock market, growth stocks

Posts Tagged ‘AMZN’


Posted on October 24, 2007 - by andrew

Review: Trying to play Amazon.com (AMZN) before its earnings

I think that it was definitely worth it holding for a week and waiting to see what happened when it reported earnings. Given how well it did in the previous 2 quarters and how well tech stocks have been doing in general, I saw more upside potential than downside.

 I was able to walk away with a tiny loss. The mistake was not taking profits when I was up +10% the day of earnings. I ended up watching my 10% profit dwindle away in after hours trading.

 All in all, I set up a Stop order to sell at my buy price. We’ll see if that was the right move. But I only planned on holding until earnings reported, not any longer than that. It didn’t do what I wanted so I sold. Had it went up, I would have put a trailing stop order in.


Posted on October 24, 2007 - by andrew

Sold 55 Amazon.com (AMZN) @ $90.60

Sold all of  my position:

  1. went up +10% day before earnings, their earnings came out, then they dropped -10% this morning
  2. Decided to basically break even and walk away with less than a -1% loss instead of hoping for a bounce back

This was basically something I was wrong on. Had I known it was gonna drop like that today, I would have sold yesterday. But how would I have known that anyways………… 


Posted on October 12, 2007 - by andrew

Buy 55 Amazon.com (AMZN) @ $91.34

Decided to start a position in for the following reasons:

  1. Part of the top-ranked  Internet-ECommerce group
  2. Today it jumped on high volume
  3. 2.5% above $89.10 buypoint of cup-shaped base.
  4. The past two times it reported earnings, there was a large jump in price……Earnings is on October 23rd

My strategy for this is to capture a big gain on the day of earnings and sell. seems to jump on the earnings announcement days and stays quiet between them.  Therefore,  I do not plan on holding this after earnings.