Amazon… Buy When Others Are Fearful? $AMZN

$AMZN has been in a tailspin since its disappointing "earnings" report.  The company continues to grow at the expense of profits.  How long will investors tolerate this corporate mentality?   

I think the stock remains a one investors are scared to buy, coupled with a chart that looks to have bottomed, I decided to trade for a move higher.

$AMZN sits at a compelling  level to initiate a short term long trade.

I bought the $315 weekly calls based on the chart below:

Known to most as Uranium Pinto Beans, Jason has more than 15 years under his belt of trading stocks, options and currencies. His expertise primarily lies in chart analysis, and he has a strong eye for undervalued stock. Because he’s got the ability to identify great risk/reward trades he usually enjoys taking the path less traveled and reaping the benefits from the adventure.

He is a co-founder of Option Millionaires, and he is best known for his weekly webinars with Scott, as well as his high level training webinars and charts found in the forums.

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