Is AMZN Due for a Dead-Cat-Bounce?
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We would keep an eye on Amazon (Nasdaq: AMZN) as a dead-cat-bounce play (Currently at $34.79) The stock is down near its 52-week low today after disappointing earnings numbers and concerns that margins will be squeezed further. We would look for 50 cents to a buck on a bounce. Longer term is anyone�s guess - I was probably one of the first shorts in the stock (ouch!)
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