shorting AMZN

whodi · #1 06-04-2007, 08:56 AM

5,000 shares at 68.50

whodi · #2 06-04-2007, 08:58 AM

Look at the last week of trading, I am seeing a short-term technical breakdown under 67.70, especially under 67.21

http://finance.yahoo.com/charts#char...urce=undefined

whodi · #3 06-04-2007, 09:42 AM

covered 2,500 shares at 67.92, for a profit of $1,450, I will leave the other 2,500 shares out there for now

whodi · #4 06-04-2007, 02:43 PM

I have had a networking nightmare today. Luckily I was able to cover my AMZN short at 68.70, I lost 500 dollars on this one. I was going switch it to a daytrade for a buy after I covered and then my station started acting up, and I just got it up and running about 10 minutes ago and I see AMZN blew up after that. Sucks but I am glad it didn't go down while I was still short on the stock. All of my other positions are still the same. This day has pretty much been a waste.

Goods · #5 06-04-2007, 03:17 PM

The guy's computer crashes and he still makes $950 ~~~ lol

whodi · #6 06-04-2007, 03:26 PM

Hard to complain win you still make money but if you look at AMZN at around 2:45, that is a clear buy signal for a daytrade and it flew. Out of my control, nothing you can do, but still sucks.

http://finance.yahoo.com/charts#char...urce=undefined

especially with the NAZ running with it.

http://finance.yahoo.com/charts#chart2:symbol=^ixic;range=1d;indicator=sma( 50,200);charttype=candlestick;crosshair=on;logscal e=on;source=undefined

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