atyt was a good buy in premkt..they kept biddin' the p.o.s 'till open. amzn might be a good sell as well in premkt and me thinks also at open...will be stalkin' the s.o.b soon.
07/26/2006 09:30:20 Sold Short 3000 AMZN @ 28.72 86,157.35 $50,691.05 07/26/2006 09:31:43 Sold Short 3000 AMZN @ 28.70 86,097.35 $136,788.40 swing the trend. so easy!
Yes trading is the easiest endeavor one can partake. 99% of all traders make 40% per year at an absolute minimum. I have never understood why everyone just doesn't quit their job. Oh well, I guess it's time to go swing that trend. Later.
07/26/2006 10:06:27 Bought to Cover 100 AMZN @ 27.98 -2,798.00 --- 07/26/2006 10:06:27 Bought to Cover 100 AMZN @ 27.98 -2,798.00 --- 07/26/2006 10:06:27 Bought to Cover 54 AMZN @ 27.98 -1,510.92 --- 07/26/2006 10:06:29 Bought to Cover 800 AMZN @ 27.99 -22,392.00 --- 07/26/2006 10:06:29 Bought to Cover 3000 AMZN @ 27.99 -83,970.00 --- 07/26/2006 10:06:30 Bought to Cover 500 AMZN @ 27.99 -13,995.00 --- 07/26/2006 10:06:33 Bought to Cover 500 AMZN @ 27.99 -13,995.00 --- 07/26/2006 10:06:34 Bought to Cover 46 AMZN @ 27.99 -1,287.54 --- 07/26/2006 10:06:34 Bought to Cover 900 AMZN @ 27.99 -25,191.00 --- all covered 6000 shares 72c profit, $4200 profit today.
swing is broken, trend is broken. wait for the next round. most likely i will long AMZN next. waiting for signals now.
I noticed that you did not post any stop levels when you first mentioned your short. What would you have done if AMZN kept going up? Remember, it bounced up to around $28, which was over your initial entry, before heading back down. As for me, I shorted after the rally failed. My stop is a good buffer zone above today's high and I hope to hold for a day or two at least, as I think there will be some decent institutional selling as some question AMZN's business model and then decide that it's time to dump the stock. I have no profit target at this point.