We are thrilled to report that we will be closing another trade tomorrow morning (Long Amazon & Short Yahoo) as yesterday Amazon (AMZN) had another nice day while Yahoo (YHOO) was slightly down. That sets our current return at 21.21% and above our current “stop”. We will be closing out the trade on tomorrow’s opening and also opening a new one next Monday which should be nice as there are many opportunities at the moment. This trade had some rough times as Amazon’s stock got crushed following its last earnings report when costs ended up being much higher than anticipated by analysts. Thankfully most analysts ended up seeing that these were investments to improve Amazon’s future operations, not added costs that will reduce profitability.
We now hold an annualized 90% return this year…too good to be true, but lots of trades are left so we hope to keep things going well.
As always, please feel free to ask any questions!