A Raging River of Selling, Por Favor
January 10th, 2006 by BWV
Amazon.com is about to close below its 50 day moving avg (”50ma” is what I’ll call this in the future)… on big volume. Other ‘Net stalwarts EBAY & YHOO are also stumbling.
Even with a few days on the road, I feel pretty comfortable with my new AMZN short at $45.60.
PS. We’re bidding in the low $41’s to buy back the YHOO shares that we scalped out of yesterday in the $43’s.
Short AMZN
