Bull or Bust

a bull's view

Position Acquired – Amazon (AMZN)

Right before I decided to call it a day I noticed Amazon had fallen throughout the afternoon. It was hovering around $504.39 and, adhering to the rules of the game, I wanted to get in before the job report just in case the overall market jumped. Therefore, I purchased a small amount (25 shares @ $504.39) afterhours. Based on the current trading worksheet this purchase was above the 3% column and should not have been made, but Amazon (and the rest of the market) is actually down significantly this week already so I took the risk. My strategy is to purchase more if it continues to fall and I agree with the current 12 month target of $640.00. Love (and long) Amazon!

I currently hold positions in the following:

Amazon (long hold): [stock_quote symbol=”amzn” show=”” zero=”” minus=”” plus=”” nolink=”” class=””]

Netflix (short hold): [stock_quote symbol=”nflx” show=”” zero=”” minus=”” plus=”” nolink=”” class=””]

Ford (long hold): [stock_quote symbol=”f” show=”” zero=”” minus=”” plus=”” nolink=”” class=””]

Denbury Resources (not sure yet): [stock_quote symbol=”dnr” show=”” zero=”” minus=”” plus=”” nolink=”” class=””]

Avalon Rare Metals (until the end of time): [stock_quote symbol=”nyse:avl” show=”” zero=”” minus=”” plus=”” nolink=”” class=””]

Stock and Option Trading