TheMilkyWay
2022-03-10

$Amazon.com(AMZN)$[LOL] I sold a month ago after being tired of seeing it crawl sideways for almost a year & thought I made a right decision totansfer to other great stocks especially since it hardly went passed 3000 since. Then it announcesan upcoming stock split today. There was talk that there could be a stock split last year but it didnt happen. Talk about bad timing [LOL] bought itat ATH thinking it could go beyond 4000, which was one of ny biggest investment mistake, then sold it at a 500 loss a month before a stock split announcement. Oh wells [Speechless] 

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Comments

  • littlesweetie
    2022-03-10
    littlesweetie
    Remember GOOG. After announcing split, it popped up over $3000. But it went down almost $500 from the top. I will buy Amzn later. It is too expensive now.
    • TheMilkyWayReplyEmilyMark: 
      So I’m not advising to buy in the midst of a rally. Also, when it falls from the rally we must understand the reason why, is it just profit taking/ macroeconomics? Or is it due to a negative change
    • TheMilkyWayReplyEmilyMark: 
      the stock split is gonna attract so many optiob traders & those who blindly buy into any blue chips but couldnt afford 3000 before the split. Could be a potential opp to earn some quick bucks. But
    • TheMilkyWayReplyEmilyMark: 
      Yes, most of the time with the announcement of a stock split the stock price will have a shortlived rally. When the split comes it will rally again too.
    • TheMilkyWayReplyEmilyMark: 
      in the company. I think it’s not a good idea to buy Amazon now now since it’s rallying up from the news. But when it falls back slightly why not? It’s already below major moving average. And we know
    • TheMilkyWayReplyEmilyMark: 
      what do I really know haha. Anyways Im done with Amazon for now. Prefer other stocks.
  • AfraSimon
    2022-03-10
    AfraSimon
    AMZN 4300-4500 is coming. Q4 EPS/revenues were huge and growing Q over Q.
    • LeilaLynch: 
      This is finally it...it's here...the 20 for 1 stock split...it's finally going to happen...$4,000 and the $4,200 and then $4,500 coming
    • TheMilkyWay: 
      up to 3500 may be possible under such circumstances. And it will be shortlived too. Thibk it would be a quick in and out kinda play. But otherwise 2700 isnt bad for longterm hold even without stock
    • TheMilkyWay: 
      market. It was just going sideways and earnings only improved the last quarter. Still, it wasnt enough to even bring it back to 3500 due to unfavourable macroeconomic situation now. I think a rally
    • KittyBrunoReplyCyrilDavy: 
      Well, having Amazon as my second largest position, and adding more and more through these down days is really paying off now.
    • TheMilkyWay: 
      split, I would thiNK as is already a big discount.
  • ElvisMarner
    2022-03-10
    ElvisMarner
    When you've made an investment decision, don't look back on your previous actions, but look ahead.
  • Bi Han
    2022-03-10
    Bi Han
    Lol paper hands
    • Bi HanReplyTheMilkyWay: 
      Damnnnn triggered!
    • Bi HanReplyTheMilkyWay: 
      This is the definition of paper hands 😂
    • TheMilkyWayReplyBi Han: 
      I think you got it wrong. I didnt sell out of fear when price was falling. I sold before it fell, as mentioned, because I decided that I made a wrong purchase that was moving too slowly for me &
    • TheMilkyWayReplyBi Han: 
      there were better opportunities. Dont go around throwing an overused term that is losing its meaning. Do go ahead a hold a stock when you thinj fundamentals have changed/ your goals have changed/ you
    • TheMilkyWayReplyBi Han: 
      see opportunities elsewhere. When that happens you better dont paper hands.
  • BurnellStella
    2022-03-10
    BurnellStella
    I think the company still has a lot of growth potential.
    • TheMilkyWay: 
      Yeah, I just personally didnt like it’s pace, especially when it’s a 3000 stock.
  • daz888888888
    2022-03-10
    daz888888888
    You should have Held Amazon Stock
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