Monday, July 09, 2007

Impulses AMZN, BA, FDX

AMZN Amazon up on little news. BA Boeing up on the official launch of its 777. FDX Fedex up on rumors of a buyout making the rounds at Barrons. My impulses are to short AMZN, buy BA, and do nothing on Fedex. Usually, when I get these ideas, they are the wrong thing to do so I am ignoring them. AMZN is a much higher percentage short on a new high. BA a much better long on a pullback towards the base on 90, possibly when some glitch in the new plane comes to front. It is very unusual that a long term project such as a new airplane goes out without nary a hitch. FDX looks like it is stuck in a range.

AA Alcoa is first out of the gate with earnings, and they are good but not great.

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