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Is there any downside to buying Amazon right now? Is there really a ceiling?

Posted on 3/8/18 at 9:49 am
Posted by YoungManOldMan
Member since Dec 2017
1882 posts
Posted on 3/8/18 at 9:49 am
I suppose the more hand wringing leads to lost gains. I remember a month ago when this stock was in the $1300s. Any chance it hits $2,000 this year?
Posted by Triple Bogey
19th Green
Member since May 2017
5984 posts
Posted on 3/8/18 at 9:57 am to
Amazon is the new bitcoin.
Posted by LSU1018
Baton Rouge
Member since Feb 2007
7218 posts
Posted on 3/8/18 at 10:19 am to
I'm confused by that statement. Amazon is actually makes money? What is bitcoin doing?
This post was edited on 3/8/18 at 11:29 am
Posted by anc
Member since Nov 2012
18053 posts
Posted on 3/8/18 at 10:48 am to
The day someone proves that Alexa devices are listening when unprompted is a day I would not want to own AMZN.

However, their money maker is AWS - which is quickly becoming a must have. Its hard to find an IT provider not utilizing it in some way.

Posted by ATLdawg25
Atlanta, GA
Member since Oct 2014
4370 posts
Posted on 3/8/18 at 10:51 am to
quote:

The day someone proves that Alexa devices are listening when unprompted

Alexa is always listening. It doesn't possess some magic ability to only listen when you use the term "Alexa" to activate a control.
Posted by lsujro
north of the wall
Member since Jul 2007
3921 posts
Posted on 3/8/18 at 10:51 am to
quote:

Amazon actually makes money?


yes, it does.
Posted by StringedInstruments
Member since Oct 2013
18379 posts
Posted on 3/8/18 at 10:52 am to
I heard they're targeting Walmart's consumer base by offering discounts on Amazon Prime to people on Medicaid. At first I thought it sounded stupid, but as high speed Internet becomes more ubiquitous and delivery options become cheaper and cheaper, online shopping may be a huge gain in the lower socioeconomic classes.
Posted by cave canem
pullarius dominus
Member since Oct 2012
12186 posts
Posted on 3/8/18 at 11:06 am to
quote:

the lower socioeconomic classes.


Amazon is the perfect model for lay-a-way, you may be on to something.
Posted by GenesChin
The Promise Land
Member since Feb 2012
37706 posts
Posted on 3/8/18 at 11:15 am to
quote:


Alexa is always listening. It doesn't possess some magic ability to only listen when you use the term "Alexa" to activate a control.


The Alexa isn't always "listening" The in device technology is only capable of recognizing the wake word which activates the device to listen/record. This was done on purpose as a privacy measure

The only time long term recording is done, which requires Amazon's cloud, is after you wake your Alexa.

LINK
Posted by HYDRebs
Houston
Member since Sep 2014
1241 posts
Posted on 3/8/18 at 11:25 am to
quote:


The Alexa isn't always "listening" The in device technology is only capable of recognizing the wake word which activates the device to listen/record. This was done on purpose as a privacy measure

The only time long term recording is done, which requires Amazon's cloud, is after you wake your Alexa.

LINK



Sure....
Posted by wutangfinancial
Treasure Valley
Member since Sep 2015
11096 posts
Posted on 3/8/18 at 11:26 am to
quote:

Is there any downside to buying Amazon right now? Is there really a ceiling?


There's huge downside once Bezos can't pay Peter (Core business) with Paul's money (AWS operating profits). So watch growth in Azure. I don't believe AWS has sustained market share with stiff competition for a significant amount of time.
Posted by ATLdawg25
Atlanta, GA
Member since Oct 2014
4370 posts
Posted on 3/8/18 at 11:29 am to
quote:

The Alexa isn't always "listening" The in device technology is only capable of recognizing the wake word which activates the device to listen/record. This was done on purpose as a privacy measure



If a service is provided to you for free, 99.9% of the time you are paying the cost with some type of personal information. Google is a great example. That free search engine you're using is recording an unconscionable amount of data that Google then uses to sell advertising. I have no doubt Alexa operates the same way, whether google admits it or not.
Posted by hiltacular
NYC
Member since Jan 2011
19676 posts
Posted on 3/8/18 at 11:35 am to
quote:

There's huge downside once Bezos can't pay Peter (Core business) with Paul's money (AWS operating profits). So watch growth in Azure. I don't believe AWS has sustained market share with stiff competition for a significant amount of time.


You could be onto something with this however Amazon has made huge moves to shift itself away from a "core business" model. At one point it was a marketplace/logistics company, at this point it is a mixture of all different things that intertwine with each other which is really where it's value is.

Obviously the counterpoint is what happens when the profitable parts of the company stop being profitable and no longer outweigh the non profitable parts. Other companies have done so much to catch up with Amazon's logistics it no longer really has that advantage over everyone else.
Posted by oklahogjr
Gold Membership
Member since Jan 2010
36761 posts
Posted on 3/8/18 at 12:59 pm to
quote:

Obviously the counterpoint is what happens when the profitable parts of the company stop being profitable and no longer outweigh the non profitable parts.

see GE

Amazon to me is over valued. great company but they can't justify that pe. it would take tons of dumb luck and perfect execution to get thst to be realistic.
Posted by mule74
Watersound Beach
Member since Nov 2004
11298 posts
Posted on 3/8/18 at 2:53 pm to
I was actually thinking today about selling all the other positions in my short term account and just buying Amazon every day that it’s down.
This post was edited on 3/8/18 at 2:54 pm
Posted by castorinho
13623 posts
Member since Nov 2010
82024 posts
Posted on 3/8/18 at 2:56 pm to
quote:

every day that it’s down.
you're gonna have a bad time
Posted by wutangfinancial
Treasure Valley
Member since Sep 2015
11096 posts
Posted on 3/9/18 at 8:12 pm to
They are looking into mortgage now? Bezos is turning into Musk with all of these grand ideas. So innovative lol
Posted by LSUtoOmaha
Nashville
Member since Apr 2004
26579 posts
Posted on 3/10/18 at 7:20 am to
No offense but this thread is a great indicator that it may be time to buy some put spreads in Amazon
Posted by dawg4lyfe
Member since May 2012
11662 posts
Posted on 4/26/18 at 3:03 pm to
Amazon is up $115 AH
Posted by leoj
Member since Nov 2010
3106 posts
Posted on 4/26/18 at 3:13 pm to
Not bad
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