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Will Amazon.com (AMZN) Fill The Late October 2009 Gap?

28 June 2010 One Comment

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

AMZN one-year chart

One Comment »

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