Closing trade: Long Amazon (AMZN) & Short Travelzoo (TZOO)

By: ispeculatornew
Date posted: 10.21.2010 (8:00 pm) | Write a Comment  (2 Comments)

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Wow, that was fast.. we opened this trade on Monday and it is already closing, unfortunately it was an unsuccessful trade as Travelzoo jumped big time thanks to impressive numbers that were released today. Probably our worst pick of the year and we will have to review what happened here. We’re never a fan of making picks a few days ahead of earnings but oh well. Things are still going well this year as we are up over 35% this year…

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2 Comments

  1. Comment by Bob — October 22, 2010 @ 12:40 pm

    This was a terrible pair trade. Good if you like losing money but terrible by all other metrics. How could you have missed this?

  2. Comment by IS — October 22, 2010 @ 12:47 pm

    No doubt, bad trade… it happens, check out the record here:

    http://www.intelligentspeculator.net/stock-performance/

    You’ll see that there are good and bad ones..! Name of the game

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