Sold AMZN

Just sold AMZN a few minutes ago. I wanted to hold it over night but the stock showed a change of plans. I got out at 88.20. It started acting weird, bid and ask started getting jumpy, momentum seemed to slow down, the QQQQ's looked to be reversing as well as volume picking up for them. TWM started gaining on good volume. Seemed like a good decision at the time. It'll probably rally more but whatever, it was a good trade and I'm happy with my roughly 4% gain.

 

I missed the sell off this morning. I wanted to go short but I missed my entry and so I kind of waited around and watched everything go down. Then we flattened out and seemed to form a double bottom and I knew we'd rally again. I mean, everyone over reacted so hard to the news that came out and it just made sense that we'd bounce back at the end of the day. AMZN seemed like a good candidate to ride the bounce back.

 

Bought AMZN

Got in on AMZN a few minutes ago. Entry was 85.04 I bought it because I think today is just another over reaction to news. AMZN had extremely good earnings but the stock fell because it wasn't up to par with AAPL and GOOG. Which is pure crap. People are expecting way too much and over react way too much.

 

There's support around the 85 level also some around 84. Stop is at 82.50 and I plan on selling tomorrow on the rebound.

 

Bought CHNG

This isn't quite up to par on my rules for picking stocks but I've always liked CHNG. When I saw it down around 11 bucks it looked like a good longer term position. So I got in at a decent level. I'll keep this in the corner of my portfolio for the next couple weeks.

 

I got in at 11.60 stop is at 10.50 just because of the crazy volatility but I'll raise in time to slowly lock in profits while adding shares, if it plays out right.