Things got a little backed up - we're processing the data and things should be back to normal within the hour.

This post has been de-listed

It is no longer included in search results and normal feeds (front page, hot posts, subreddit posts, etc). It remains visible only via the author's post history.

48
The Wild $AMZN Ride - How I Bagged $12K in Profits While Y'all Apes Struggled
Post Body

Sup fellow degenerates, gather 'round and let me tell you the tale of how I banked a sweet $12k on $AMZN shares while the rest of you paper-handed fools prob lost stacks or broke even at best. So, buckle up and let's dive into this rollercoaster of a story.

It was earnings week for the tech giants - you know, the likes of $META, $GOOG, and $MSFT. And then, the star of this post: $AMZN. I started building my position back when $FDX beat earnings in March, grabbing 500 shares at a neat $100/share, and then adding another 1000 shares on April 21st just under $107.

Why, you ask? Simple. More packages = Ecommerce boom = analysts being dumbasses. Then, $UPS missed earnings and I decided to drop 500 of my $AMZN shares 'cause your boy ain't about to lose the house over Bezos’ baby.

So, this week was wild. The market had a seizure during trading hours, but then $MSFT & $GOOG reported and it's like we hopped on a rocket straight to the moon. Tech stocks went absolutely bonkers and I caught $MSFT, but that’s for another post.

And then, our Lord and Savior, $META, crushed earnings on Wednesday. Sentiment flip-flopped like a fish out of water. Clearly, these mega-cap stocks were beating expectations and were hella undervalued.

What happened next? Well, the Nasdaq $QQQ went up nearly 3%, and Amazon shot up 4.5% to almost $110. Now, usually, I'd slap on a 5 to 10% call option, but not this time. No siree, I was going in raw hoping I won’t have 18-years bad luck the next morning.

So, $AMZN reported and it just exploded - from $110 to $122 in under 2 minutes. They beat EPS by 50% and revenue by $3 billion. Absolute madness. But, like a true WallStreetBets veteran (check my all-time hottest post), I knew what to do.

An hour later, the earnings call was scheduled. Y'know, where they get into the nitty-gritty and talk about future guidance (aka the mood killer). I figured a 22% gain in a month was more than enough tendies, so I started selling off my shares after-hours. It dipped a bit from the $122 high, but I still came out on top.

And now, the aftermath: $AMZN is sitting at $105.00 - Current position: 4 shares. Feels good, man. Proof of positions and my fat gains below👇

If you apes enjoyed this tale of victory, follow me here and on Twitter for more stories, tips, and stock market/NFT insights. I'll even be doing some sweet subscriber-only giveaways. Stay tuned, and let's keep riding this rocket together! 🚀🌕

Author
Account Strength
100%
Account Age
12 years
Verified Email
Yes
Verified Flair
No
Total Karma
106,100
Link Karma
30,369
Comment Karma
48,092
Profile updated: 1 day ago
Posts updated: 5 months ago

Subreddit

Post Details

We try to extract some basic information from the post title. This is not always successful or accurate, please use your best judgement and compare these values to the post title and body for confirmation.
Posted
1 year ago