Saturday, May 16, 2009

Is AMZN a short?


The technicals look weak for AMZN. I took a short position today but couldn't post due to the software issues. AMZN is a high momentum stock that can snap back quick, so tight stops are a must. However, it looks like it will pullback a few points, possibly to the 200 day. Risky bet but it's looking interesting...

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