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Amazon.com Inc. Message Board

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  • casacujo casacujo Nov 17, 2009 12:59 PM Flag

    Placed order to short 2000 shrs @131.30

    covered @$129.75.. net gain $3000 for 4 days.. not bad..
    GL shorts..

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    • im glad you got out with a gain before $140. i really am.

      thats how trading the short side should be done. too bad you didnt get $133 or $134 but a profit is a profit nonetheless.

      i dont buy into this BS fall for a second. its only been off its highs for less than 24 hours now. thats not convincing that this has sustainable selling.

      id cover at $130 or $131 and wait for $140 or $150. news about another aquisition or Q4 is bound to have another positive spike.

      theres too many shorts on here now, forget it let it go higher let the hedge funds hold this bubble until one sells then they all will sell and it will fall 75% in about 2-3 years probably.

 
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