Tuesday, April 21, 2009

Short Amazon - AMZN

Amazon, to the delight of AMZN bulls everywhere has had a magnificent run. Is it over and are their stops in place? Now looks like an appropriate time to find out. Hence I am punting short 1 unit of AMZN here at $78.80 with a stop at $80.31

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
Short 1 unit Amazon ticker AMZN @ $78.70 stop @ $80.31

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