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Amazon Stock
Posted on 7/10/18 at 11:22 am
Posted on 7/10/18 at 11:22 am
I'm pretty much a novice when it comes to the stock market, but in my rollover IRA from a previous job, I bought about 20 shares of Amazon late last summer (it was at an all time high at that point already). It's still been on a ridiculous run and my return has been almost 60%.
For those who follow this stuff closely, is there any reason to think that it will continue to run like this? I don't have any intention to selling, but I was curious what the predictions were for Amazon considering this ridiculous run they've been on.
For those who follow this stuff closely, is there any reason to think that it will continue to run like this? I don't have any intention to selling, but I was curious what the predictions were for Amazon considering this ridiculous run they've been on.
9
Posted on 7/10/18 at 12:01 pm to VinegarStrokes
Obviously I have no idea, but frankly there doesn’t seem to be any market they can’t enter, disrupt and dominate
Posted on 7/10/18 at 12:57 pm to VinegarStrokes
Read this earlier today.
LINK
LINK
quote:
“Two facts make Amazon unique,” said Jitendra Waral, a senior analyst at Bloomberg Intelligence. “The DNA of the company is to try to cut the number of steps to zero for a consumer to buy goods from Amazon. Amazon wins by constantly changing behavior through innovation. The company spends eight to 10 years to research new products so it always is thinking much ahead. Amazon’s end market is 16 percent of global gross domestic product, excluding China. To put this in context, if Amazon’s end market was the Empire State Building, it still is on the third floor. This gap creates plenty of return-on-investment opportunities for their long-term investments.”
Posted on 7/10/18 at 1:31 pm to VinegarStrokes
My current shares are up 100% from my purchase price and I will not be selling Amazon anytime soon and would be in the market for more if I had funds laying around.
However, it would make sense for you to continue to diversify. Don't stay in only Amazon. That gets to be pretty risky cause anything could happen.
However, it would make sense for you to continue to diversify. Don't stay in only Amazon. That gets to be pretty risky cause anything could happen.
This post was edited on 7/10/18 at 1:32 pm
Posted on 7/10/18 at 4:04 pm to VinegarStrokes
I am no expert - but I do live in Seattle and it's incredible how much they've grown over the last few years. I considered getting in at $900 but chickened out only to get in a bit later at $1370.
I'm holding long term. Amazon has re-defined how consumers shop and continues broadening their services. How much would you pay for Amazon Prime? They just raised the rates recently and I didn't bat an eye. I'd probably pay $200/year for the convenience Amazon offers me - though that's probably because Seattle is ground zero for all the newest services.
Amazon has a ton of ideas in the hopper right now currently in development. I don't see any reason why they won't continue innovating. Maybe sell a few shares to diversify, but I would not advise dumping them all, tempting as that may be.
I'm holding long term. Amazon has re-defined how consumers shop and continues broadening their services. How much would you pay for Amazon Prime? They just raised the rates recently and I didn't bat an eye. I'd probably pay $200/year for the convenience Amazon offers me - though that's probably because Seattle is ground zero for all the newest services.
Amazon has a ton of ideas in the hopper right now currently in development. I don't see any reason why they won't continue innovating. Maybe sell a few shares to diversify, but I would not advise dumping them all, tempting as that may be.
Posted on 7/10/18 at 7:12 pm to VinegarStrokes
I bought Amazon last year at $900, thought that was crazy, but am glad I did. I think there is a lot of questions around technology companies and earnings sustainability, but Amazon is a rock star.
Posted on 7/10/18 at 8:41 pm to SouthOfSouth
quote:
However, it would make sense for you to continue to diversify. Don't stay in only Amazon. That gets to be pretty risky cause anything could happen.
Oh I am. Amazon is probably a good 20% of my portfolio.
Posted on 7/11/18 at 1:15 pm to VinegarStrokes
The best thing Amazon has going for it is that it has shown it will adapt and change to fit and dominate whatever market it wants to be in. It is not defined as a retailer or media content creator or grocery store, it is all of it and so much more.
I think most retailers have caught up to Amazon when it comes to selling you things. Where Amazon shines is that you get the marketplace along with a myriad of other things it brings to the table. You have their products, Web Services, Whole Foods, media content, etc etc the list truly just goes on and on.
The only thing that can truly stop it is something happening to Bezos, government restrictions, or society moving against them.
ETA I do think eventually they will have to lower the amazon prime cost, other retailers have caught up and aren't charging a fee to buy their goods.
I think most retailers have caught up to Amazon when it comes to selling you things. Where Amazon shines is that you get the marketplace along with a myriad of other things it brings to the table. You have their products, Web Services, Whole Foods, media content, etc etc the list truly just goes on and on.
The only thing that can truly stop it is something happening to Bezos, government restrictions, or society moving against them.
ETA I do think eventually they will have to lower the amazon prime cost, other retailers have caught up and aren't charging a fee to buy their goods.
This post was edited on 7/11/18 at 1:17 pm
Posted on 7/11/18 at 4:47 pm to VinegarStrokes
I feel like I've been one of their biggest champions on this board. It wasn't until last year that I really "got it" even thought I hwas already a Prime Member.
I had an "ah ha" moment when I realized they were going to take over the world and I dove in.
As others have said, they can disrupt any sector they want. Unless Bezos dies, the government stops them, or lynch mob of society turns on them, it's pretty much smooth sailing.
I had an "ah ha" moment when I realized they were going to take over the world and I dove in.
As others have said, they can disrupt any sector they want. Unless Bezos dies, the government stops them, or lynch mob of society turns on them, it's pretty much smooth sailing.
This post was edited on 7/11/18 at 5:45 pm
Posted on 7/11/18 at 8:24 pm to mule74
I have 8 or 9 shares that I bought in the mid 900s. Amazing what it has done
Posted on 7/12/18 at 12:10 pm to tiger perry
Their only real competitor is Walmart.
Posted on 7/12/18 at 2:33 pm to VinegarStrokes
1800 here we come.
2k by the end of the year? Not likely, but wouldn't rule it out, to be honest.
2k by the end of the year? Not likely, but wouldn't rule it out, to be honest.
Posted on 7/12/18 at 7:20 pm to castorinho
At this rate, it will be 2K by the end of the month. 
Posted on 7/13/18 at 7:43 am to kywildcatfanone
Hey I won't complain
Posted on 7/13/18 at 8:10 am to castorinho
Me either
Posted on 7/13/18 at 6:43 pm to VinegarStrokes
Does anyone see Amazon going after FedEx or buying another company so they can better control their transportation system?
Posted on 7/13/18 at 6:53 pm to LSUneaux
That would be an insane undertaking in regards to both cap ex and logistics. They could do it, but why. They have other things they need to master first.
Posted on 7/15/18 at 9:27 pm to LSUneaux
They've already got their own fleet of planes, trucks and contract delivery drivers with vertical integration of transportation as the stated goal. Try to keep up.
Posted on 7/16/18 at 12:10 am to LSUneaux
AMZL
Posted on 7/17/18 at 11:26 am to tiger perry
This stock
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