Google announced laying off 12,000 people — the last in a long line of significant layoffs.
Their announcement kind of inspired me to take another look at Amazon and I think it’s time for us to pile back into some shorts.
We’ve been trading Amazon quite successfully for a while now.
We started shorting it back in May and we’ve done it several times.
► Now I think is a good time to get back in on the trade, so I’m recommending you short AMZN.
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The Daily Pick is Don’s daily alert service, where for just a few dollars a month, he gives you a pick every trading day, complete with triggers, stop loss and profit targets.
ABOUT DON’S DAILY BRIEF:
Every market day, Don Yocham scans thousands of potential stocks, whittling down the list to just a handful that could be setting up to make BIG moves.
The top idea from his daily scan ends up here.
For specific trade instructions, including triggers and stop loss levels, take a look at The Daily Pick, where for just a few dollars a month, you’ll get full trade instructions on Don’s top idea each day.