Tuesday, April 21, 2009

Punting Autozone Short - AZO

The previous pattern, which was a head and shoulders, on Autozone seems to still be in play. I am taking the opportunity this morning to get short 1 unit of Autozone, ticker AZO (chart above) here at $164.15 with a stop at $167.11

Good speculating to you all and never forget that "an investor is a speculator who made a mistake and will not admit it".

Open Positions:
Long 1 unit Ultrashort Real Estate ticker SRS @ $27.05 stop @ $25.24
Short 1 unit Autozone ticker AZO @ 164.05 stop @ $167.11

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