10/22/2015 Live Update

[fehro]

and MSFT all of them new all time highs.. well MFST 98 highs $52ish

[QED]

Let’s do the math …

AMZN profit this qtr = $0.17/share

If they can repeat that x 4 = $0.68/share per year

Share price = ~$625.00 (after hours 10/22/15)

$625.00/$0.68 = ~ 919

Hmmmm … seems a little rich to me!

Perhaps either I am math challenged or AMZN investors are?

WTF???

[BullBear52x]

new update:

[uempel]

MA 9 on the monthly: if SPX closes the month higher the bulls are in charge - and vice versa. There are bad calls in the 20 year history, but the good calls outnumber the duds.
October 2015: if SPX closes October above 2053 this system signals a "buy".

[DellGriffith]

I know my short looks like its in a bad spot, but I'm trading time more than price on this one. A correction must begin very soon. Time is simply running out on the rally. When I've been in this situation in the past, where time is telling me one thing and price another, the mistake has always been to exit my position. It works out if I just have patience with it.

[johnnywa]

I know my short looks like its in a bad spot, but I'm trading time more than price on this one. A correction must begin very soon. Time is simply running out on the rally. When I've been in this situation in the past, where time is telling me one thing and price another, the mistake has always been to exit my position. It works out if I just have patience with it.

Looks like you will have to sweat thru another 300 point up day compliements China

[DellGriffith]

I know my short looks like its in a bad spot, but I'm trading time more than price on this one. A correction must begin very soon. Time is simply running out on the rally. When I've been in this situation in the past, where time is telling me one thing and price another, the mistake has always been to exit my position. It works out if I just have patience with it.

Looks like you will have to sweat thru another 300 point up day compliements China

Maybe.

All of my worst trades have been when I panic closed my position in a situation like this and it turns out I was correct and just needed to keep holding to turn a really nice profit. Its happened enough times that I recognize it here.