Yes, I'm not proud of myself - I had a little punt on Amazon. I note the market was rising but AMZN was stuck and looking at the 10 minute chart I noted a nice little ascending triangle. I also noted that in a recent article Amazon is apparently one of the
most heavily shorted hedge fund stocks. I checked the
NASDAQ short interest web page and it still would take over 2 days to cover.
Of course when I clicked the buy button I was reminded of why I don't usually bet on this stock. An immediate 20 point spread. Nasty.
Still got very, very lucky and there was a quick breakout from the triangle on the long side so I booked my profit and swore not to touch Amazon again!
P/L 28.50
Still got very, very lucky and there was a quick breakout from the triangle on the long side so I booked my profit and swore not to touch Amazon again!
