why is it foolish to sell here? The way I see it....this $1 bill is being sold at $400....not a smart investment at all....what you are looking for is the "greater fool theory"....no such thing as a bad investment as long as their is another idiot willing to pay MORE for the pos then you did. Gambling, not investing.
correction people are greedy and therefore stupid...there is a huge difference between a great company and a great investment. I like using Amazon services, I would never, never pay for it at a p/e of over 100! Amazon has already been around for decades...at this valuation, it would have to double it's earnings every year for the next several years...ain't happening....sure things work in cycles but are you saying to just chase stocks? My friend, that's called gambling....but good luck.
I stand behind my posts....posted this back in January 4th....proves my point about the average investor in this market...they are not smart at all! Look at XOM....oil tanked, profits and cashflow tanked, yet people are still buying the thing at $80!! It should be in the $60! Even XOM announced that they are stopping their OWN share buyback...ah...American education.
With PE of 390, dumpers just warming up. Another 20% correction won't surprise me. GoPro lost 80% of their value and their PE wasn't as insane as AMZN.
Every 2 seconds someone in the U.S needs safe blood...
Amazon is a heck of a buy here!
Sentiment: Strong Buy
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