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No idea about 6 months from now. Chart right now if I had to be forced an answer is bearish. BUT, the company has a great future. As of now, I wouldn’t buy it, unless you plan to own it long term. So long term I’m bullish, short term I’d wait on the sidelines.
I would trade this stock instead of holding it. This stock goes up and down $75 a day. Very good to make money this way, you ride up and down multiple times.
I would trade this stock instead of holding it. This stock goes up and down $75 a day. Very good to make money this way, you ride up and down multiple times.
Sad fact is, I bought some in the upper $1900's, so I have to wait for it to reach $2000+ to sell.
It's funny - I'm a person who has owned/traded hundreds of different stocks over the past two decades -- and I still have never owned Amazon. Guess you could say I missed the boat on that one.
Iffy. The entire market is volatile and the politico-economic situation is extremely unstable. You are looking too far into the future to get anything but noise.
Quote:
Originally Posted by bmw335xi
No idea about 6 months from now. Chart right now if I had to be forced an answer is bearish. BUT, the company has a great future. As of now, I wouldn’t buy it, unless you plan to own it long term. So long term I’m bullish, short term I’d wait on the sidelines.
I'm not charting but I agree with you. I know more about Amazon than any other stock on the market, been obsessed with AMZN for a year, and I bought initially just because I am so optimistic about the success of their business model,
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Originally Posted by myname_isborat
I hope it's under $1000 personally. My favorite company long term. Short term it's going lower along with this market.
I like vicinity of $1K too. I'd buy in an instant if the economy was on an even keel.
Quote:
Originally Posted by NewbieHere
I would trade this stock instead of holding it. This stock goes up and down $75 a day. Very good to make money this way, you ride up and down multiple times.
If you have the nerves and capital then it would be a great day trading stock IMO, depending on your acumen.
Quote:
Originally Posted by BeerGeek40
It's funny - I'm a person who has owned/traded hundreds of different stocks over the past two decades -- and I still have never owned Amazon. Guess you could say I missed the boat on that one.
You know there is always the next cycle, if this one doesn't suit you.
Sad fact is, I bought some in the upper $1900's, so I have to wait for it to reach $2000+ to sell.
You don't have to wait if you think it will never see $2050 again OR it will but in 5 years so your money is dead for the next 5 years.
It has been an extraordinarily hard lesson for me to learn but the only prices that matter are the prices for the present and the future. It doesn't matter how we got here, we are here. The only relevant question is, where are we going from here?
I won't pretend to be a rational investor like Buffett - those damn red arrows really hurt. But that's the emotional side of investing. When you decide to sell (or buy) you have to base the decision solely on the future, never on the past.
It is going to pop back up from the holidays, bounce off it's high or one of the resistance levels and then crash back down again to around its low (1495). If it hits anything over 1900 I'm buying puts. There will be resistance around 1755 and 1830.
Ultimately this stock longer term is going to be around 1k or lower IMO but it will take a recession to get it there so not until summer/fall of 2019. Until then it will bounce around between the current high and low.
This has always been a volatile play so there is money to be made for sure but I wouldn't want to go long at these levels nor would I want be negative on it at these levels because there is some dead cat bounce left.
Last edited by aridon; 11-29-2018 at 05:23 PM..
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