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Amazon
Aug 19, 2021 16:25:36 GMT
Post by Chahta on Aug 19, 2021 16:25:36 GMT
I have never owned AMZN outright. But steelpony10 suggested buying it. Never followed it but upon looking it is about 13% below its high ($3731-3217) and the RSI says oversold. I wish I could impress you and say I'm buying 100 shares but not. What are the opinions on AMZ here? Just looking for a little fun.
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Deleted
Deleted Member
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Post by Deleted on Aug 19, 2021 17:16:31 GMT
First - Steelpony has a good record as a "stock picker." Always something to consider for a recommendation. I added to my position at $100 higher than where it is now and am content with that decision. My goal is long term - 5 or more year. It and Uber are the only stocks that have "high" P/E ratios that I hold. You can look at projected growth, earnings, etc. I like following Mark Mahaney at Evercore who does all of this for me and I look at ValueLine and Fidelity. I think the growth and outlook are good. Earnings are expected to grow at 30% through 2026 and the current p/e is about it's average. Having said that, I have been waiting for multiple compression (i.e. Fed raises rates). Wasn't happening, so I went ahead and bought after the big drop after earnings. I kinda wish I had waited to see what happens with a taper tantrum. Still for my timeframe, I feel good about the addition.
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dirk
Ensign
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Post by dirk on Aug 20, 2021 16:34:00 GMT
Since we didn't need my wife's RMD for living expenses this year, proceeds went into our joint brokerage and I bought 10 shares of Amazon (also a "first time" direct buy of the stock for us). With the stock down since purchase, i'm tempted to buy one more share (whee!).
Dirk
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Deleted
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Post by Deleted on Aug 20, 2021 18:31:21 GMT
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Deleted
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Post by Deleted on Sept 1, 2021 1:03:42 GMT
Working out nice guys!
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Post by steelpony10 on Sept 1, 2021 11:32:07 GMT
I have never owned AMZN outright. But steelpony10 suggested buying it. Never followed it but upon looking it is about 13% below its high ($3731-3217) and the RSI says oversold. I wish I could impress you and say I'm buying 100 shares but not. What are the opinions on AMZ here? Just looking for a little fun. Yeh pick up some AAPL it’s dead in the water now and wait for the next big plunge for AMZN. The big plunge is the fun part. Everyone loves a sale why not those types?
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Amazon
Sept 1, 2021 12:28:02 GMT
Post by Chahta on Sept 1, 2021 12:28:02 GMT
Back in 2019 watching Fox Business before work, AAPL was $99. I should have bought then. But I wasn't (not now, really) into stocks. Just might buy a few of AAPL, but the problem is it is at an all-time high now.
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Deleted
Deleted Member
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Post by Deleted on Sept 1, 2021 13:18:21 GMT
I might wait on that one (aapl) for a dip, but that's me. Great company. ValueLine estimates around 14% for both earning and dividend growth out to 2026 and its current p/e is some 50-75% above its average. If you think it is pure growth and has the drivers, then maybe. My opinion only.
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Deleted
Deleted Member
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Amazon
Sept 1, 2021 14:12:56 GMT
Post by Deleted on Sept 1, 2021 14:12:56 GMT
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Deleted
Deleted Member
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Amazon
Sept 1, 2021 14:34:36 GMT
Post by Deleted on Sept 1, 2021 14:34:36 GMT
Wonder if it has some sort of momentum algo? Investors Business Daily seems to have some method of buying at higher prices - sustained trend? I don't know. I think that might be more for trading if that is what you do.
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Post by gman57 on Sept 1, 2021 15:59:36 GMT
Back in 2019 watching Fox Business before work, AAPL was $99. I should have bought then. But I wasn't (not now, really) into stocks. Just might buy a few of AAPL, but the problem is it is at an all-time high now. Was it at an all time high back in 2019? In 2024 will you post AAPL is @ 200, I should have bought in 2021, but it's at an all time high now. Bottom line, all time highs are not a reason to not buy IMHO
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Deleted
Deleted Member
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Amazon
Sept 1, 2021 16:15:16 GMT
Post by Deleted on Sept 1, 2021 16:15:16 GMT
Back in 2019 watching Fox Business before work, AAPL was $99. I should have bought then. But I wasn't (not now, really) into stocks. Just might buy a few of AAPL, but the problem is it is at an all-time high now. Was it at an all time high back in 2019? In 2024 will you post AAPL is @ 200, I should have bought in 2021, but it's at an all time high now. Bottom line, all time highs are not a reason to not buy IMHO I would try and purchase based on projected earnings growth versus current price, factoring in moats, price elasticity now that there is some inflation, dividend growth if there is one, debt structure, cash flow....Not whether it is at an all time high. Full disclosure - I let MSFT get away, but not others. It's not perfect, but I think doing analysis and factoring that into a purchase decision is prudent, especially where the overall market is now valued. If I were a trader, maybe buy on momentum and the high price doesn't matter.
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Amazon
Sept 1, 2021 16:20:56 GMT
Post by steelpony10 on Sept 1, 2021 16:20:56 GMT
Back in 2019 watching Fox Business before work, AAPL was $99. I should have bought then. But I wasn't (not now, really) into stocks. Just might buy a few of AAPL, but the problem is it is at an all-time high now. Solid stocks often are. Like my CEF’s are usually at a premium. I try to invest in top managed companies for long term safety and profits. High entry prices are an indicator to me others think so also. If you ever get into growth stocks they tend to move in a step pattern even these older types. Plateau then step up plateau step up etc. Of course the unknowns take everything back down a few steps. AMZN and AAPL seem to be at plateaus. MSFT just took a small step up, AMZN a little step back and AAPL is flat. Those are the top three of every highly rated growth, core and index fund at the present time. The part that gets us all is the correction out of the blue 2 weeks from now. Lol. You’re just caught in the market timing web. The whole market is at an all time high. Somewhere in the future it will be at another. You either believe that or not.
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bf22
Commander
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Amazon
Sept 1, 2021 16:49:47 GMT
Post by bf22 on Sept 1, 2021 16:49:47 GMT
I believe that AMZN is still a buy. Fortunately, I bought AMZN almost 7 years ago, it was at a high then.
AWS is still growing 30% (I think), and it provides a lot of the profits.
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Amazon
Sept 1, 2021 17:56:00 GMT
Post by Chahta on Sept 1, 2021 17:56:00 GMT
I believe that AMZN is still a buy. Fortunately, I bought AMZN almost 7 years ago, it was at a high then.
AWS is still growing 30% (I think), and it provides a lot of the profits.
My intuition says so, for what it's worth. A good company well below it's high (AMZN) you would think so. But stocks are priced in the future not now. 7 years ago the price curve was in the flat area, 1/10th todays price.
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Amazon
Sept 1, 2021 18:04:18 GMT
Post by Chahta on Sept 1, 2021 18:04:18 GMT
Wonder if it has some sort of momentum algo? Investors Business Daily seems to have some method of buying at higher prices - sustained trend? I don't know. I think that might be more for trading if that is what you do. I started looking at StockCharts a year ago. Follow the MACD and RSI. After the downturn of AMZN it turned up nicely. Could be time to sell as a trade, but I am not an expert. LINK
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Amazon
Sept 1, 2021 18:09:43 GMT
Post by Chahta on Sept 1, 2021 18:09:43 GMT
Back in 2019 watching Fox Business before work, AAPL was $99. I should have bought then. But I wasn't (not now, really) into stocks. Just might buy a few of AAPL, but the problem is it is at an all-time high now. Was it at an all time high back in 2019? In 2024 will you post AAPL is @ 200, I should have bought in 2021, but it's at an all time high now. Bottom line, all time highs are not a reason to not buy IMHO Good reasoning. But I m not a stock picker. IIRC stocks had slumped when I saw AAPL at $99.
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Amazon
Sept 1, 2021 20:07:28 GMT
Post by steelpony10 on Sept 1, 2021 20:07:28 GMT
Wonder if it has some sort of momentum algo? Investors Business Daily seems to have some method of buying at higher prices - sustained trend? I don't know. I think that might be more for trading if that is what you do. I started looking at StockCharts a year ago. Follow the MACD and RSI. After the downturn of AMZN it turned up nicely. Could be time to sell as a trade, but I am not an expert. LINK Ha. Ha. I thought you were trying to make big money long term. My mistake. If one share invested in one of the best companies in the world scares you you’re right individual stocks aren’t for you.
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Amazon
Sept 1, 2021 21:59:02 GMT
via mobile
Post by Chahta on Sept 1, 2021 21:59:02 GMT
No just a thought about a trade. For 3 grand I can afford to see how far it can run. This is a a discussion forum after all. 😀
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Post by steelpony10 on Sept 1, 2021 22:26:47 GMT
No just a thought about a trade. For 3 grand I can afford to see how far it can run. This is a a discussion forum after all. 😀 In that case this is what a good dynamic growth company looks like: finance.yahoo.com/news/exclusive-amazon-ceo-unveils-55-114950348.html This is one reason why I don’t set allocation limits. Let it run until it starts paying dividends.
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Amazon
Sept 1, 2021 22:42:14 GMT
via mobile
Post by Chahta on Sept 1, 2021 22:42:14 GMT
I might wait on that one (aapl) for a dip, but that's me. Great company. ValueLine estimates around 14% for both earning and dividend growth out to 2026 and its current p/e is some 50-75% above its average. If you think it is pure growth and has the drivers, then maybe. My opinion only. That what I am doing now. Raise a little cash for a dip. I don’t ever seeing myself using anything but iPhone. Have an Apple Watch I use everyday and am addicted to.
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Deleted
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Post by Deleted on Sept 1, 2021 22:55:23 GMT
In last month I bought 3 apple devices and 1 Sonos speakers. I have 2 more apple devices pending buy soon.
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Post by steelpony10 on Sept 2, 2021 0:11:14 GMT
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Deleted
Deleted Member
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Amazon
Sept 2, 2021 0:18:31 GMT
Post by Deleted on Sept 2, 2021 0:18:31 GMT
what do steps mean vs no steps as in msft?
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Amazon
Sept 2, 2021 0:23:20 GMT
Post by Chahta on Sept 2, 2021 0:23:20 GMT
Yes I do. AMZN still looks to be rising to a new step.
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Amazon
Sept 2, 2021 0:39:18 GMT
Post by steelpony10 on Sept 2, 2021 0:39:18 GMT
Chahta , AMZN: Same price as August 2020. I wouldn’t know when the rise starts so maybe. We are getting close to the holiday also. The Cloud services are the big earners I think. 55k new tech jobs isn’t for sale of merchandise. Anyway see the step before this?
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Amazon
Sept 2, 2021 0:44:03 GMT
Post by Chahta on Sept 2, 2021 0:44:03 GMT
At 135 AAPL would be an excellent buy..
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Amazon
Sept 2, 2021 0:52:22 GMT
Post by steelpony10 on Sept 2, 2021 0:52:22 GMT
@waffle,
Dynamic growth stocks tend to grow in value over time and show a step pattern of growth of indeterminate length so patience is required, sometimes years.
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Amazon
Sept 2, 2021 1:04:02 GMT
Post by steelpony10 on Sept 2, 2021 1:04:02 GMT
My last purchase of AAPL was in the 17O -190 range. AAPL climbed to around 300 or so then split 5 to one I believe. Check that last step. My shooter son invested in FB at $17. Ha. Ha. I missed that completely. To risky and new plus had no record yet. You can’t win then all. The other son invested in SQ at around 46?, same story. Both looked up the founders background, management. All I told them was I always made money when the founders ran the company. MSFT, AAPL, INTC, AMZN along with HD, SBUX, MCD (way back) and others. Maybe TSLA is a future winner, who knows.
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Amazon
Sept 2, 2021 1:10:04 GMT
Post by chang on Sept 2, 2021 1:10:04 GMT
All I told them was I always made money when the founders ran the company. Careful with that. Enron was founded by Kenneth Lay.
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