Tuesday, September 1, 2009

Short Amazon - AMZN

Per my notes on the Amazon chart, ticker AMZN, this morning I have shorted 1 unit of AMZN at $79.96 as it broke down thru $80. It is my intention to add a 2nd unit if we finish this week with a close below $80


Good speculating and remind them to please don't ever forget that "an investor is a speculator who made a mistake and will not admit it".


Open Positions:
Long 2 units Ultrashort FTSE/Xinhua 25 ticker FXP @ $10.58 stops @ $9.94/9.54
Long 1 unit Ultrashort Real Estate ticker SRS @ $11.93 stop @ $10.94
Short 1 unit JP Morgan ticker JPM @ $43.66 stop @ $44.71
Short 1 unit Abercrombie ticker ANF @ $33.23 stop @ $35.33
Short 1 unit Aeropostale ticker ARO @ $40.81 stop @ $42.36
Short 1 unit Amazon ticker AMZN @ $79.86 stop @ $81.11

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