Ozzy
Long

STMP buy trade idea

NASDAQ:STMP   STAMPS.COM INC
Hello

Been looking at re-entering this one for a while now. Unless something fundamental changes I won't be off by much. Stock has resisted the down side a few time and is trading sideways. I like the risk reward here.
I actually have a paper trade for this stock back at 70ish. Not fully aware how intertwined this would be with e-commerce.

Happy trading.
Oct 03
Comment: Wow instant fail xD
Poor guy, I'm looking to long this week, what are your current thoughts?
Reply
Ozzy Tanner
@Tanner,
LOL yea. 142 to 147 is good decision area to take a trade in either direction. I'm trying to catch AMZN retail trade. The way the market looks it won't hold that much and drop to mid 130's. I'd wait. Maybe if some record Black Friday/Cyber Monday numbers come through to help retail swing up I'd take another look. LMK what you see.
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