<< ....Unfortunately my first time in amzn and I foolishly bought around the high in the morning ... now Im very scared... what do you think will happen on Monday..... >>
I do not understand all this ruckus about Amazon.com It did close on the positive side. some after hour trades indicate positive side trades. Management has demonstrated their long term business growth goal by opening up a new center in Nevada to keep pace with the very highly likely demand in e-tailing. These to me are similar to fundamentals. In the early days of semiconductors, people were afraid to use computers, the semiconductor industry was not readily welcome. But the likes of Intel with the foresight went and built the infrastructure (manufacturing, R&D etc.) and today they are the leaders. And the same is the story with MSFT.
So my point is that AMZN has the infrastructure for being a leader in e-tailing. As more and more people jump on board e-tailing, AMZN is ready, willing and able to meet the needs. Granted, books is a low margin item. But books and CD are the only items that I can sample in a local store (if I want to) and then order it via AMZN. When people start to buy clothes, shoes etc. the who knows, AMZN may jump in. But the important thing is they have built their E-STORES.
So my friend, do not panic. Let the MMs, profit takers, daytraders move in after the 3-1 split. When the dust settles in the next week or two, AMZN will restart its climb, if not at a phenomenal pace, but a climb nonetheless.
Happy weekend
Chinmoy |
