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Amazon a good buy?
Posted on 4/7/14 at 8:41 am
Posted on 4/7/14 at 8:41 am
"Buy the fear, sell the greed."
Stock has dropped nearly 25% off its high. Personally, I don't think their Fire Tv will amount to much, but the company's growing diversification, rivals' brick and mortar issues, etc. will be a strength in the long run. I'm waiting to see if it drops to $299. Anyone else keeping an eye on this?
Stock has dropped nearly 25% off its high. Personally, I don't think their Fire Tv will amount to much, but the company's growing diversification, rivals' brick and mortar issues, etc. will be a strength in the long run. I'm waiting to see if it drops to $299. Anyone else keeping an eye on this?
3
Posted on 4/7/14 at 9:38 am to LSUneaux
Definitely but it's still a falling knife at the moment so watch yourself.
If you like it, take a one unit position and buy more on the way down. If you think it's bottomed (probably not looking at the chart), buy your full load now.
If you like it, take a one unit position and buy more on the way down. If you think it's bottomed (probably not looking at the chart), buy your full load now.
Posted on 4/7/14 at 9:38 am to LSUneaux
I rode it up to about $360 and sold a few months back. I think its getting to be a good value for investing again. Amazon and Google seem to me like solid tech companies that will be around for a few decades. So I don't see you losing money long term.
Posted on 4/7/14 at 10:13 am to C
Short term who knows where the stock goes, but I agree that this company should be around for decades, I can't imagine you would lose money in the long run.
Posted on 4/7/14 at 10:17 am to LSUneaux
quote:looking are it compared to the roku and apple tv.... it looks better.
I don't think their Fire Tv will amount to much
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