Kindle is selling like hot cake, low pe ratio, internet is recession proof, no competition, consumer sentiment is up people are spending again, bank are lending so people can spend more and buying on the internet is fun.
People cannot stop buying thing they dont need. Amazon will keep selling to these shopping junkies
I agree but not until 2010 holiday season. This is a year to work slowly higher; maybe 95 -100 by Christmas. Next year the stock will double.
I expect a pull back between now and August so I sold mine today. Bought a few months back at $38 and wanted to book the profit. I expect to be fully back in by September 1st.
Good Luck to all - expect Laughter and Bubblebutburst. Those two suckers are now playing with money they borrowed from their Nana and Papa.
$200, are we back to 1999 dotcom bubble time again ? or are you day dreaming ?
Do you have idea how much it has to make to keep $200 stock price ? With PE ratio at reasonable high 30, it has to make
around $7/share annually. Can it do it in the next 12 months, even next 5 years ? I really doubt it
E-tail business is not easy because consumers only have loyalty to the price. If Amazon doesn´t have lower price, people make purchase from other online stores, and even local stores. If AMZN has the lower price, it kills its margin.
Hey, no hurry! There are all kinds of ways to make money on AMZN. If you have a couple of weeks time frame, may want to sell some covered Apr calls first thing in the morning tomorrow. If you do it right, it would be free ca$h in two days. Better yet, U can use the proceed to do other types of investment on AMZN tomorrow, and that would be double bagger by playing with the houses' money.
Well, gotta do it right though.
You are kidding, right?
"Internet is recession proof" - Check out GOOG, YHOO, BIDU, etc, etc.
"Kindle is selling like hot cakes" - Kindle alikes are going to sell like hot cakes too, comes with different flavors.
"This stock going to 200" - That is very possible, one may just have to wait a very long time, definitely not in the near future though.
When the earning hits a buck per quarter on the average, I'll start looking into the possibility.
Can you give me a time frame as about when this stock is shooting at 200 target, so I can write myself a note and set an alert.
Thanks in advance!