Think the largest concensus is that AMZN has made a great move here.
Short term target, would be to look towards a close a couple of pts either way, after a yesterday's 20% rise...nice to see some follow up news today, but profit taking is a given. But one thing is for certain, AMZN will be one of those internet stocks you'll want to find under your X-mas tree, this year, for sure!
Once the Fed sees the economy slowing on it's own, they'll remain neutral with bias, IMO. There needs to be caution,on the short side, with a further technical correction to the downside of 5% possible, then bonds will rally, and the market will trend back upwards, gaining strength & testing previous highs.
** Think there's going be a very surprising surge on the volume of E-commerce this year, that will be a huge pop. This is due to the greater numbers of internet users, that have been online long enough to feel comfortable with e-purchasing, rather than just news-retrieval and e-mail. Think this year's shopping online , will blow away all previous expectations.
Is AMZN a good mid-term hold going into the holiday season, with it's
20million loyal customer base?
You betcha!
:-)
2MAR$ |
