Will Amazon.com (AMZN) Fill The Late October 2009 Gap?
As Amazon.com (AMZN) moves lower, it is nearing a major gap-up that occurred late October of last year after a big earnings jump. In that gap-up, the stock went from the low $90’s to $110. A huge gap. Since then, I’ve been eyeing Amazon for a potential short into an approach to fill this gap. Note, I’ve been short AMZN since the high $140’s but I will be adding more as we break towards $110. Keep your eye on this one.