Friday, April 26, 2013

Something Not Sitting Right w/ AMZN-Covering Half the Equity Short

As you know, we have a partial position in AMZN short equity (stocks), I purposefully left plenty of room to add at higher prices, but something isn't sitting right with me, I'm taking alarge risk by possibly missing out on a continued AMZN move lower, but I'll cover half of the partial position that's at a small profit, however it is not the profit that motivates this.

As you know, I'm looking for AMZN to clear recent congestion on the upside before adding, when you see the charts next-you'll understand.

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