Friday, December 28, 2012

Is Amazon the Perfect Post-holiday Short? (AMZN)

See the Question Mark in the headline? It's a sign the writer is either gutless or clueless.

Every single time.

I try to avoid them.
Except when I'm clueless.
And gutless.

This ramble was sparked by a look at the chart, with the all-time high price paid for AMZN being $263.11 on December 18th and the all-time closing high at $261.50 on the 20th.
The stock is currently at $246.32.

Here's the one month chart via Yahoo:

The chart analysis is probably just a Rorschach of my current mood; I see a head-and-shoulders and a bunny...

...getting eaten by a python and....