Showing posts with label AMZN. Show all posts
Showing posts with label AMZN. Show all posts

Friday, December 26, 2008

Today's Twittered Tickers $AMZN $FCX $GLD $PLD $WMT

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 bounce to the upper Bollinger looks like a potential trade in the coming week.
GLD is rising on non-existent volume, but a breakout would be a nice place to trade a long scalp, and then swing short on a pullback to the trend line.
PLD is experiencing a high volume rally with tons of momo, and though it looks due for a pullback, it is a dangerous place for shorts to play.
WMT continues to show strength, but like AMZN, I suspect that fears of fundamental economic weakness will reemerge and bring this stock lower.

GLD is the most interesting trade on my radar, because it is an indcator of global economic stability. Weakness in gold will reestablish deflationary fears, but if it starts to make a run for 1000, there will be talk of hyperinflation. AMZN and WMT have had nice bounces, but regardless of their sector out performance, they will be dragged down with their siblings if there is no sign of economic relief in 2009.

Wednesday, December 3, 2008

Twitter Tickers

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 need for copper and gold in the world. None.
Silver Wheaton is the most leveraged silver mining company. The canary died, so proceed at your own peril. Enticing volume nonetheless.
Sandisk makes the best memory products, but the semiconductor industry is getting slaughtered. The sector performance overshadows this stock's benefits.

Except for FXC, all of the above stocks are in short term rallies. The market winds favor the bulls, but we're still in treacherous waters so tread carefully.