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This will be interesting to watch - up 21% in 21 days since the IADSS buy signal.  

The system has never seen a 20:1 split before - exceedingly rare and during these times now sure how this will play.  One thing is for certain, it is attracting the attention of retail investors - rem 5 shares today = 100 shares Monday.  The historic cheap price - last time AMZN traded at 120 was 13 years ago - could drive more demand. 

It does indicate on the MR that we are running out of steam [blue arrow above]. I will trade based on this if I see enough confluence based on what is historically a "Post Split Duck" but with the huge drop in price it may not happen. 

Stay tuned. 

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Comments

Anonymous

Did you share a buy signal on amzn when iadss gave a signal James or?

Anonymous

Trying to buy another share of Amazon today for the 20:1 split but my broker (Amerprise) is telling me the deadline was May 27th.

Anonymous

Any shareholder with Amazon stock on May 27th will receive an additional 19 shares for every one share they hold when the stock split happens on June 3rd.

Anonymous

Pushed back and told them I'm buying the stock from someone else who had those rights which are transferrable. The broker checked with their home office staff and verified I was correct so I was able to buy a share today which will be split.

Anonymous

That’s good. If you continue having problems it might be time for a change in brokerages.