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  • joetong419 joetong419 Jul 27, 2014 4:36 PM Flag

    AMZN share price...

    already lost 20 percents from its 52-week high.
    Under calmer market conditions, AMZN should stay over 300.
    However, the wild card is a 5 to 10 percent market pullback, those that bought AMZN within a year's time will cut their losses.
    Human nature...don't confuse stock price with what a great company AMZN is/was.
    MSFT peaked at 60 in 2000; look at GE or YHOO.

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    • Good point about all the great companies trading at fractions of former bull market highs many years later.

      I'd say the 5 to 10 percent pullback is a very ordinary and frequent event. The wild card longs need to be aware of is the 40% drop that happens every few years. One of those bear markets will squeeze all the air out of a stock like Amazon that relies on positive future expectations to inflate it's price. In a deeply freaked out pessimistic market, stock prices get crushed down below the most conservative valuations. In that situation the discussion will be whether it will hold above 30, not 300.

    • You must be on drugs. What is the big difference between Amazon, GE, Microsoft, Apple, Cisco & Intel?

      Sentiment: Strong Sell

      • 1 Reply to sgnnyc
      • Nevertheless, we still have conviction in our five-year operating margin target in the mid-single-digit range, and view the July 24 pullback as a potential buying opportunity. Our $400 fair value estimate is unchanged, as a modest reduction to our 2014 operating margin forecast to 0.6% will be offset by an uptick to our 2015 operating margin assumptions to 1.5% to reflect the anniversary of recent AWS price reductions. Hope that helps..

818.36-44.74(-5.47%)Oct 27 4:00 PMEDT