Sell Amazon Stock!!

Where I Buy all of my Gear bit.ly/emipazm (Best Prices Too!!)
Sell Amazon Stock Now!! I am personally out of all my shares and I strongly feel that Amazon stock will sell off after earnings and possibly bring down the whole tech sector due to it's frothiness.
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[@Mr_JRH]

I got IWM on my watch list. Looking to get some $100 Jan 2022 Puts. Friday they was going for between $6.30-6.60. I'm calling B.S. on this market. First red day I'm grabbing some. Go in naked and leg into a Debit Spread after gaining some equity.

[@DreTrades]

Sounds like a plan but don't wait longer than day two to turn it into a spread. Remember, it's been forever since more than 2 consecutive down days. If we get three in a row, could be good confirmation that we are headed lower. The funny thing is I see stocks breaking out and possibly the SPY even. It's only the stay at home stocks and the QQQ's, which seem to be way overbought. The banks and small caps look terrible. I think this earnings season will dump cold water on the fire.

[@twyscape]

Great video. I sold AMZN after seeing NFLX drop after earnings. I’m going to pick up some cheap shares after earnings are over.

[@DreTrades]

I dont think it's going to be a good quarter for fang, but I do like the social media stocks. Both fb Nd twtr are pushing higher even with all the negativity. I think the price action is trying to tell us something.

[@jubae5760]

Nah, Amazon is worth even more than it is right now.

[@abdlen]

You called it ! Nice

[@DreTrades]

I sure did, right at the top. Thanks Malik. I didnt got short though because the trades I was looking at was too expensive, so a little pissed I didnt take advantage of my own thought, but that's not usually the case.

[@abdlen]

Dre Trades In hindsight everyone is a warren buffet but you my friends have skills. You said your a truck driver i wish you success and keep posting your awesome videos

[@dimiz4096]

Bro you were right about it, look at today 13th July, the price is really low but then so has all US tech stocks

[@DreTrades]

Today could have marked the top. Huge reversal on tech stocks. Only time will tell. Thanks for watching and sharing your comment.

[@BestInClass3Hard]

This was a great video for perspective. Turns out you were correct as well.

[@DreTrades]

Thanks for the comment and thanks for watching.

[@feydailybellysport3681]

What do you think now about Amazon , dropping more ?

[@DreTrades]

I still think it goes down to the level it broke out. I think that's around 2200-2400. I cant remember the level as I write this. I'm not looking at the charts. Just remember in the long run, this stock goes higher. Short term, its just over bought.

[@wherearetheanswers]

When it dumps it's going to dump hard.

[@DreTrades]

Agreed.

[@andrefrbk]

Even if this were true, in a few weeks/months it will be right back to the ATH. New investors have been trained to automatically buy the dips, every dip is seen as a opportunity to now own a big cap stock at a cheaper price. The past couple months have shown us, investors dont give a fuck about dips. They will buy the dips all the way down till they avg down to the bottom, and ride it back up. No one cares about the bottom anymore on this popular stocks.

[@ChrisTookFlight]

Dumped below 3000 today 😳 I think we rip up tomorrow tho

[@CJ-Travels]

So Amazon is going to miss earnings and tank???

[@dathoang6993]

I don’t see how. 2nd quarter when the shut down happened, they should be banking!

[@DreTrades]

They are spending tons of money.

[@CJ-Travels]

I guess we will see Thursday

[@sparkyfreestuff1949]

Agree but will ai let it drop

[@DreTrades]

Well we know all this shit is fixed, so I dont know. My guess is that it goes lower after earnings, how low. I dont know. My guess is all the way down to the breakout point. Not in one day of course but in time.

[@1lostinspace]

You should never make another video again.. it’s on a killer rip and the earnings will be low🤦🏻‍♂️

[@DreTrades]

Killer rip??? Its already down 200 points since I made the video.

[@1lostinspace]

Dre Trades True but has a ton of room to grow, if you caught a good position there is no reason to sell

[@EliteCannagivers]

Dre Trades It’s going down before earnings and after earnings it’ll break new highs