Will Amazon.com (AMZN) Fill The Late October 2009 Gap?
28 June 2010
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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.
AMZN one-year chart
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