- A place for friends to gather and view stock market charts, discuss technical analysis and market outlook. What is your Principal Asset? How can it be developed? Each and all should do their own due dilligence and homework before investing. And by no means should you use anything I say or show here as a sole basis to buy or sell securities as everything is for educational experience only.
Saturday, October 24, 2009
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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