Pair Trade: Long GOOGL vs. Short AMZN
5% positions
Long GOOGL @ $1,469.35
Short AMZN @ $3,198.00
Oh, boy. I can't resist shorting Amazon and the big tech bubble stocks when I get a chance.
Rather than outright short Amazon, I found GOOGL shares down ~5% on a day when the rest of the tech bubble world is up 5%.
"Feels" like they'll converge in short order.
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