Is It Time To Buy Amazon On Weakness?

Discussion in 'General Trading Discussion' started by Chartman, Nov 5, 2018.

  1. Chartman

    Chartman Senior Investor

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    While Amazon shares have bounced a little from their recent low of around $1500 we have seen a significant drop from the $2000 level. Would further weakness in the technology/e-commerce sector signal a buying opportunity for a company which is set to dominate e-commerce for many years to come?

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  2. Buyonthedips

    Buyonthedips Senior Investor

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    For some reason the market got exceptionally spooked when the company announced a free delivery day? Markets don’t tend to get so spooked when it comes to such short-term promotions, is this just a sign of current market volatility?
     
  3. longtermbull

    longtermbull Administrator Staff Member

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    This fall did look over done the other day - however, I am not convinced the market consolidation is over just yet. There might be some relief today about the US elections but that could be short lived :(
     
  4. Chartman

    Chartman Senior Investor

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    Amazon shares are very volatile at the moment - if the market/company has a few bad days you could pick up some very cheap stock for the longer term. Watch this one very very carefully.
     
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