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May 22, 2007


Stock Du Jour (AMZN - yet again) & Random Observations

Good strong day of more or less continuous buying.

Notable New Highs: Amazon (AMZN), Ctrip (CTRP), Focus Media (FMCN), and lots of Energies.

Notable New Lows: Net.B@nk (NTBK) and Xinhua Finance Media (XFML), which got a negative write-up in Barron’s. The amusing thing there is that if you scratch the surface of practically any Chinese company, you want to run for your life.

Young QID, the UltraShort QQQ, goes to a new low ($46.99) on 31 million shares as old QQQQ goes to $47.01 — their prices have finally crossed, my friends!

Amazon was the stock du jour yet again, going to a 52-week high on around three times normal volume doing over 100,000 trades.

AMZN

An hourly chart showing the “historic” QID - QQQQ Cross:

qid q

This entry was posted on Tuesday, May 22nd, 2007 at 8:29 am (utc+8) and is filed under Stocks.

2 Responses to “Stock Du Jour (AMZN - yet again) & Random Observations”

  1. Joy said:
    May 25th, 2007 at 8:33 am

    I’ve had AMZN since Oct 06, in anticipation of Holiday season.

  2. C. Maoxian said:
    May 25th, 2007 at 8:41 am

    Joy: I’ve had AMZN since Oct 99 and I’m still waiting to “break even.” ;-)

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