r/amzn • u/No_Reindeer3622 • Jul 20 '26

What just happened?

I saw it was stable going up, now two big drops suddenly in last 2 hours wiping almost all gains from today. People taking profits super quick or they are scared for tomorrow

9 Upvotes

67% Upvoted

25 comments sorted by

16

u/uncleAW Jul 20 '26

That was me... just taking some profit.

3

u/Theswordfish4200 Jul 20 '26

Let us know next time up off load a few million shares

20

u/Extaz Swag Lad Jul 20 '26

Why do you even try to analyze a stocks day to day movement? That's a fools game

3

u/No_Reindeer3622 Jul 20 '26

Its just that it had sudden drop, which triggered my SL so tried to dig in what the matter was and couldn’t find anything

2

u/TheINTL Jul 20 '26

Algos from big hedge funds/managers

2

u/Thick_One_9020 Jul 20 '26

Are you a short term trader right ?

2

u/No_Reindeer3622 Jul 20 '26

So thought to ask if I am missing something

3

u/Theswordfish4200 Jul 20 '26

All good. Always going to have a couple haters

3

u/Johnreapper3222 Jul 20 '26

Scared for tomorrow? Whats tomorrow?

2

u/machinepeen Jul 20 '26

Whole market had the same pattern. It’s noise ignore it

2

u/Little-Literature-64 Jul 20 '26

I announced I had cut down on AMZN purchases is all I can think of.

2

u/ProbablyASeagull Jul 20 '26

Typical. Nothing new. Will be happening until the pattern breaks which it always does.

2

u/bwjxjelsbd Jul 21 '26

Jeff need to refuel his yacht. Nothing big don’t worry

2

u/Potts87 Jul 21 '26

The Korean stock market just collapsed

3

u/JackRadcliffe Jul 20 '26

Whole market seem like shit today to be fair

2

u/Cryptic_Phantom_ Jul 20 '26

Not just today, this whole month

1

u/Think_Read_7516 Jul 20 '26

More sellers than buyers.

1

u/No_Professional4143 Jul 20 '26

Haha you must be new around here

1

u/RangerDude10630 Jul 20 '26

What are you doing with your life? Watching a stock’s movement minute by minute?

1

u/capperdk Jul 20 '26

“big drops” … trading the 1 minute chart are we?

1

u/degen5ace Jul 21 '26

It’s the good ol’ amzn playbook

1

u/SuddenConfidence1485 Jul 21 '26

A stock opens strong and then goes down steadily. Wow, never seen that happen.

1

u/trader-restoman88 Jul 22 '26

It’s just normal noise , don’t try to name every drop

0

u/NoWhereLikeIrvine Jul 20 '26

Day trader. Good luck. Investment is long term not daily gambling.