Tuesday, March 09, 2004
====================
There were TWO
NEW SHORTS yesterday, March 8, 2004,
namely Countrywide Financial (CFC) and
Genesco (GCO). Private real-time email
alerts were sent near their intra-day highs.
There is ONE LONG for today, namely
Amazon.com, (AMZN). The stock could
re-test its recent low of March 3, 2004,
when it dipped slightly below $41.50
intra-day, before rallying sharply upwards.
However, a rally much before $41.50 can
happen. In fact, any price between $42.50
and $43 is a low-risk price for the longs.
Upside to $45 is the short-term minimum.
Longer term, AMZN may re-test the $56
level.
As usual, scale in your positions.
Listed options are available for CFC, GCO
and AMZN.
There were TWO
NEW SHORTS yesterday, March 8, 2004,
namely Countrywide Financial (CFC) and
Genesco (GCO). Private real-time email
alerts were sent near their intra-day highs.
There is ONE LONG for today, namely
Amazon.com, (AMZN). The stock could
re-test its recent low of March 3, 2004,
when it dipped slightly below $41.50
intra-day, before rallying sharply upwards.
However, a rally much before $41.50 can
happen. In fact, any price between $42.50
and $43 is a low-risk price for the longs.
Upside to $45 is the short-term minimum.
Longer term, AMZN may re-test the $56
level.
As usual, scale in your positions.
Listed options are available for CFC, GCO
and AMZN.