Shaking and Baking With Amazon

Cal Naughton, Jr.: Shake and bake!

Ricky Bobby: What does that do? Does that blow your mind? That just happened!

–  Talladega Nights: Shake and bake HD CLIP

I repurchased Amazon ($AMZN) at about $236.57 late last week.

I am taking some of the long off at $246.15 in premarket trading now.

This is my fourth or fifth successful positioning in Bezos’ company in the last 12-18 months. 

The cumulative gains in trading far exceed the overall performance were I to have bought and hold over the last year.

Shake and Bake.

It rhymes.

They are both verbs...

Position: AMZN VS

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Posted by Doug Kass

Doug Kass is a world-renowned hedge fund manager with decades of experience and success navigating through some of the most turbulent periods in market history. He is known for his time-tested analytical skills and ability to look past the current noise and herd mentality. On TheStreet Pro, Kass provides frequent market commentary and investing ideas for active investors throughout each trading day in Doug’s Daily Diary. He also serves as president of Seabreeze Partners Management Inc. Previously, he served as a senior manager at Omega Advisors, a $6 billion investment partnership. He co-authored a book with Ralph Nader and the Center for the Study of Responsive Law called “Citibank: The Ralph Nader Report” and can be found as a guest host on CNBC's "Squawk Box." A Note from Doug: Current strategies and actionable trade ideas -- all on one dynamic platform built exclusively for active trades. From sudden sell-offs to sudden spikes, TheStreet Pro arms you with crucial analysis -- at a rapid fire, professional pace -- to help you make sound trading decisions -- every day, every hour, and every minute. Join me and my team of professional traders for unique perspectives and breakthrough investment opportunities.

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