Monday, July 26, 2010

Time to scalp AMZN for a short

The stock traded down to 105 after earnings and then traded up to 118.  I think this number can come in here.

The chart sucks!!

2 comments:

  1. Palmoni, why short anything? You are better at "touting". See you short something and it still goes up.

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  2. Really I hate shorting! I'm a nervous short anyway!!

    I was just looking for something to trade since I'm in all these biotechs!

    Which is why, I guess I never understood how these permabears can remain solvent.

    What do they do when their shorts go against them?

    I never give my shorts any rope to hang me with.

    But heck, any light at the end of the tunnel is always sunshine as I see it!!

    And you're right. Their is just a micro sliver that you vcan make shorting versus all the upside in the world. And holding stocks doesn't make me nervous- But I can't believe how many guys belly ache when they are down on a position.

    I guess that's where the mega bull cycle belief helps. I think so many stocks will be up 200-300% from these prices that it doesn't make sense to short anything --especially when stock prices haven't moved in ten years.

    That being said I still need my daily fixes of high beta names just to get the juices flowing!!

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