• anonymous#12
    Einhorn likes AMZN, says "elephant in the room".
    5/16/12
    Reply (8)
    • Brian Benda: Market really wasn't sure how to interpret that news. AMZN down from when it released and initially dropped $2 on the print.
      5/16/12
    • Brian Benda: AMZN still barely holding trendline support created by connecting May 8/9/10th lows to May 14th close low. They break, AMZN fills gap lower.
      5/16/12
    • OneLongTrade: AMZN wouldn't have plunged had Einhorn actually disclosed a short position, right now he said he's not short, just doesn't like the company.
      5/16/12
    • OneLongTrade: The gap will fill in the next 3 months, sooner rather than later if this EU thing gets even more out of control.
      5/16/12
    • Brian Benda: Little troubling AMZN hasn't been able to hold the recent pushes to $130. Seems like fast money has been made. Close below $222 = gap fill.
      5/16/12
    • Brian Benda: Disclosure, I am short AMZN via June 135 puts.
      5/16/12
    • OneLongTrade: I was shorting AMZN above $230 multiple times last year and made money every time. Haven't tried this year, but will soon. Going to look at
      5/16/12
    • OneLongTrade: puts that expire after the next earnings, as it could potentially take until then to reverse this move, much like GMCR, NFLX did.
      5/16/12