Amazing how quickly humans forget eh? Remember in the summer of 2021 Amazon was in the $180s? Then a year and a half later it was in the $80s? Well in the summer of 2021 when it was in the $180s per share the "sentiment" surrounding it's "future outlook" was very very BULLISH, the statements and analysts were all calling for $200+ per share, some even throwing out $300 per share thus making the $180s seem quite reasonable....only for all that to end up in the $80s not too long afterwards.
Now here we are again up in the $180s and the exact same bullish outlook is present, many throwing out $200+, buy recs, rosy earnings, etc, and it's inconceivable that it could fall back down under $100 per share isn't it? It was then too yet it did.
Wake up.
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- dimsum·04-26💡LikeReport