AmazonBe been thinking of dipping into Amazon during the recent downward move. Been reading some stock pickers saying Amazon is going to crash. I though I’d get in if it gets close or beer $3k/share. Thoughts?
This is a discussion topic or guest posting submitted by a Stock Gumshoe reader. The content has not been edited or reviewed by Stock Gumshoe, and any opinions expressed are those of the author alone.
Do not expect a crash. it has lowered a bit recently, if you want in at 3K or slightly under, keep watching the price and jump in if it reaches that soon. They are a powerhouse of the modern world, and many people around the world now rely on them. Also as a co. they are constantly developing new ideas, they’re a good long term investment. I think it’s likely the stock will be rising next year.
I think AMZN would be extremely tempting below $3000, but it’s a pretty easy stock for me to nibble on anywhere below $3450. Regulatory pressure and competition are both risks, but that’s been true for years and they remain the leader in both cloud and e-commerce, with the pole position in many global markets, and trade at a pretty average historical valuation for this company even though they’re a much stronger firm than they were five, ten or 20 years ago, so it’s hard to bet against them.
They’ll have a bad turn at some point, I’m sure, and will probably have a 30-40% drop some day… but if you were waiting for that at $800, when the negatives for AMZN were very similar (that’s when I started buying, and it felt like I was paying too much), then you’re still waiting.
Thanks! I actually did struggle with Amazon eye it was $800, or $1400, or $2000. I also don’t get a guy it’s been going down.
I’m also struggling with NVDA at$190+ amd have been waiting for it to drop to $170 range.
All valuations seem so out of each right now that the bottom has to fall out at some point!!
Valuations are at historical extremes, though that’s been true for quite a while. sometimes the best thing to do with great companies that look too expensive is buy in small bites, getting rid of that torment of waiting for your perfect price but holding back cash so you can be aggressive if valuations drop to levels that are more appealing.
The hardest part of investing is managing your emotions.