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.


Comments: Post a Comment

Links to this post:

Create a Link



<< Home

This page is powered by Blogger. Isn't yours?