You are safe, these guys has so many tenacles in bookes, games, movies, tablet devices. Average down- just bought $20,000 worth. This tested bottom and is now rebounding will be green, or very close, by the end of the today.
"Any stock tips to make my money back?"
What did you buy it at?
I don't think this is a good time to sell. A good time to sell is when it's about to go down. I see no reason for the price not to recover, the company is doing well.
Shame on you Bruce.
Anyone that tells some are "safe" when you have all your eggs in one basket is full of it.
To the OP - go to gambler's anonymous. Unless you found yourself in this position because the rest of your portfolio simply went belly up simultaneously, or you are a former Amazon employee who was granted a large number of stock options, then you exhibited some very compulsive behavior in building to this point.
Either way, the amount of money you have right now is the value of your shares today. That's true whether it is held in Amazon shares exclusively or in cash. But the only way you can think clearly is to get it in cash. I would advise liquidating 100%.
Over the next week or month, construct a well diversified portfolio and/or strategy and buy into it using the cash. There is nothing wrong with including Amazon as part of that portfolio- but sell out first then then buy back.
If, after selling, you still feel Amazon should be a part of that portfolio, you are free to buy back however many shares you feel comfortable holding. For you, cashing out is the only way to act rationally moving forward- otherwise your decisions will be tainted by the sunk money fallacy.
This isn't a comment on Amazon as a company, and it is not general advice for all holders of the stock. It's fine to stick with a stock that has declined. Its not fine to ignore diversification altogether- regardless of which direction things are moving. Anyone who finds themselves "all in" on any investment should follow this advice.
If you can't bring yourself to do this- then sell Amazon calls. This will cushion you in the event of a further drop and FORCE you out in the event of a rally so you don't find yourself in this position again.
"A good time to sell is when it's about to go down."
And to top it off, timber said it was a HORRIBLE time to buy so once inverted when you put it through the contrary indicator filter this means just the opposite.