Michael, Nice trade. My relationship with AMZN is long term. Mlsoft would call it a "core" short. On the last run down to the 18's I covered about 25% of my position. I have been watching for a negative press release so I rode the rest back up to it's current value. Never thought it would get back up this high but it did. My average cost is in the 22.00 area. My plan is just to ride it and wait. It will go down. I want to be there when it happens. Much like my thinking on TYC. Over the last year I have stayed with my core shorts longer and it has always paid off for me.
Another thing, I don't like to trade AMZXN. It's very unpredictable and seems to have Mr market maker trying to screw over as many lonfgs and shorts as possible. Eventually the numbers will play against this one. I am loking out for earnings and will stay in place until at least then. I will only leave my post if the story changes positive and I don't see that happeninmg. One of these days the state governments are going to get their shit together and we will see a sales tax. AMZN will die with that announcement if nothing else will get them.
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