Algokid

Bearish (ish ! ) on Amazon

BATS:AMZN   Amazon.com, Inc
1
No open orders yet, but after reading some news on the company this morning, i'm very tempted to short for the following reason

1) Kindle Fire sales are dropping
2) Amazon has more competition. Apple Itune and Google's Playstore offer users more choices now.
3) Google's fabulous new tablet , the NEXUS 7 tablet , is FAR superior to the Kindle and only $199
4) Bloomber reports that AMZN is working with Foxconn to develop a phone to go "head to head" with the iPhone. BIG MISTAKE IN MY OPINION

Waiting for a few technical indicators to confirm a short entry. on the sideline for now

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