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Amazing Amazon, Yesterday's Gap Almost Filled
7/23/2010 1:02:03 PM

What a terrific come back Amazon !!!!!!!!!. It is really amazing!!!!!!!!

You may probably know that I bought AMZN @100.85 (within 1% of the a/h low on 7/22) on a 15% sale and closed my position tooooo early @101.85. It is now trading @118. I was just watching this stock after my buy order was missing this morning.

You may notice that I shorted Momenta Pharmaceuticals Inc. (MNTA) right after the approval pop @25.35 (just 15 cents below the HOD) but I messed up by placing a stop when it was trading @24.25. It is now trading ~21.7. Tough luck.

I learn above 2 lessons in the last two days of trading. I will try to be more cautious next time.

Have a nice weekend guys. Lets start the new week (i.e last week of July 2010) with some new motivation and energy.


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