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If you're interested in buying AMZN this might be one of the last days to buy under $1000, just sayin'.
---------------billy
---------------billy
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still think this has good upward potential? -
Yes, They have a head start of many years on any competition. I thought I was possibly too late buying at 500. Now I see a great potential upside.
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Meanwhile, $326 later.........
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billy,
The P&F charts give a more intermediate term look at how a stock is doing.
http://stockcharts.com/freecharts/pn...MZN,PWTADANRBO[PA][D][F1!3!!!2!20]Tim - Retired Problem SolverComment
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God bless America!
----------billyComment
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If I told you how much my AMZN stock alone is worth today, you would probably faint. It is more than 2/3 of my entire portfolio, breaking all kinds of rules of course. This is what it is, even after buying my leased car with cash, paying cash for 3 more grandchildren's 2 years of college, paying that huge life insurance annual premium (on my ex; keep hoping he will kick the bucket before the next one is due), and an unexpected high estimated tax bill this year, all I can say is "Thank God for AMZN!!".Comment
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I still think AMZN is in its early stages and might be buying more shortly. Just like good land and very rare collectibles, the price keeps going up. In 2007 BRKA hit 100,000 and people freaked out. Today it's 300,000. AMZN seems to be growing at a faster rate than BRKA. BRKA did correct to 75,000 before the latest meteoric rise.
-------------------billyComment
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Shades of October 1987. I know, I keep repeating this, but it has become a mantra of sorts while my head is firmly buried in the sand. ME: "Honey, the Dow just dropped 500 points!!!"; HIM: "Don't worry, it'll come back. It always does." P.S. So far my AMZN holdings are still green.Comment
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Of all the major stocks, AMZN and AAPL have the most potential for continued high growth. There are numerous new segments that AMZN can still get into, and it is my understanding that they are gearing up to go after the medical device industry, which could add a lot of revenue to their bottom line. AAPL still hasn’t scratched the surface of segments like smart TVs, home Security, and smart glasses, but the big news is that AAPL is gearing up to start building cars in the early 2020s. You know me, ever the conservative trader and investor, but in the case of AMZN and AAPL, if you don’t already own them in your long term account, buying during this current pullback is definitely warranted, IMHO.
ADDENDUM: I just got through looking at long-term charts for the indices, and as much as I like AMZN and AAPL, I wouldn’t recommend buying ANY stock for a hold right now. There are some scary signs in the long-term charts that I will discuss more in my weekly market sentiment post.Last edited by BlueWolf; 10-27-2018, 05:17 PM.Comment
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Just bought more AMZN betting this correction at least for AMZN is about over.
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Nice call billy - I am thinking of adding also.Originally posted by billyjoe View PostTim - Retired Problem SolverComment
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Bought a little more AMZN at 1718, last batch on Oct29th was 1619. I see it as a potential lifetime hold. For kids, grandkids. Expect some splits along the way.
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Is anyone worried about the valuation on Amazon? By any standard it looks like a low yielding stock at current prices with current earnings. P/E of 100, forward P/E of 50, cash yield of 1.5%Comment
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