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Wednesday, September 10, 2008

If I Could, We Have a Low Risk Short Here into Amazon.com (AMZN)

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Short $78. Stop loss $81. I can't do it but I would do it - just hanging it out there. That gap at $72 is a no brainer for a 8% gain. From there a retest of mid $60s would seem probable.

Much easier to find short entries than long in this market...

No position

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