So much for shorting AMZN above 95. It goes to show that you can't trust beating previously weak earnings. The 110.62 mark designates the gap up and the new line in the sand. It's safe to be long above this point long term with a target of 160. However, a failure of this mark would definitely mean a gap fill below the 100% fib line and most likely to 85. Can you say speculative out of the money play using leaps?
Jan 2011 $160 Calls = $7.70
Jan 2011 $85 Puts = $7.45
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