Amazon just crushed earnings

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run our lives

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you mean "help our lives"?

Don't forget about Facebook!

Interesting that all the "unproductive" stocks are thriving in this mess of an economy.

Not really Netflix so much lately though. I think people are tired of paying for mediocre content. We were at least.

That and Asia just steals everything so hard to grow that market.

I'm an idiot, I don't own and FANG directly. Maybe indirectly through some fund, but I don't know.

Figures.

The funny thing is: FANG (diamondback energy) is not only the only oil stock doing well, it's tripled in value in the last 3 years.

I have to wonder if the acronym is giving good vibes to the ticker.

I don't know, but I probably need to add GOOG at some point as a long term hold. I just can't make myself buy Amazon becuase I'm old fashioned, and I believe a company has to eventually make money. It's been a while since I looked, but I think their debt concerned me as well. Facebook and Netflix I'd consider prone to new technology risk.. e.g. Radio Shack and Polaroid.

But I need to look. But I'm guessing Google, or whatever they're called now, is probably what I'd settle on as a buy (after some sort of correction), hold and forget.

Or as much as a guy like me can forget, which is to say, it would be streaming at least Level 2 almost every day, all day long.

But I don't directly own any of these. I might have traded them at some point. But whatever run up there was, I was left outside looking in.

I questioned Amazon, until I went to visit my wife's relatives in NYC.

I thought I bought a bunch of crap on Amazon (maybe one delivery/week), but they were getting two packages delivered per day from them. If you think about it, there is not a Walmart or Target in Manhattan (still might be a crappy Kmart on 14 street), but those are millions of people buying daily staples from Amazon. Combine that with the other metro areas, and that's a huge market.

Still "expensive" in terms of valuation, but they are a monster, so I don't see them getting too much cheaper either. This is a buy the dip, because there will always be dips.

They've finally turned profitable 2q in a row now, which is a great vote of confidence.

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So as amazing as amazon as, the valuation, which has always been absurd, is reaching levels of ridiculousness. Amazing company, amazing stock.....but if you buy up here, dont be shocked if you dont get rich.

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Sadly I've been saying this since day 1 in so many words and I haven't made a dollar because of it. It defies all investment philosophy and I'll probably never invest in it....damnit

I could care less about the PE, what I care about is the most valuable company in america is apple and its $540B and Amazon is basically $315B tomorrow. Apple has $200b+ of cash therefore Apple=Amazon. To me Amazon obviously has way more potential than apple, but apple does still have $200B in cash and immense profitability. I dont know but Amazon is officially off the deep end as far as im concerned. Think about the real estate portfolio walmart has, its just incredible and amazon is way more valuable as we speak. Insanity. I dont really care I have no skin in the game, congrats to all the longs but wow just wow.