Bottom fishing...Amazon
- Thread starter Cabin111
- Start date
IMO AMZN, GOOGL, INTC, META, NFLX seems to be all rolling over. Less confident about other two biggies AAPL and TSLA & MSFT looks fine.
If so, in the case of AMZN, hope (share buyback) is not a plan.
%%
Sounds like a good idea; if you have W Buffets billions+ billions ,+ BAC, OXY, CVX+ +KO........
Even if you want to try to cherry pick\ fine with me; most fruit farmers or cherry eaters do more than one green or red cherry YTD.
As far as AMZN, good billionaire ad /IBKR fractional AMZN ad $3,000+, fractional share ad\ fractured down to $25= nothing herein is a buy/ the ad disclosed.......
Trade ended today (got called away). I am fine with it.
Bought at $96.09...Two options, one for $3.60 (didn't get called away) and the other for July 23 for $5.00 that did get called away at $115.
$115.-$96.09=$18.91 Add the two options ($3.60+$5.00)=$8.60
$18.91+$8.60=$27.51 profit in less than 8 months...
I pay little to no taxes (asset rich, income poor)...I'll take this gain any day.
Bought at $96.09...Two options, one for $3.60 (didn't get called away) and the other for July 23 for $5.00 that did get called away at $115.
$115.-$96.09=$18.91 Add the two options ($3.60+$5.00)=$8.60
$18.91+$8.60=$27.51 profit in less than 8 months...
I pay little to no taxes (asset rich, income poor)...I'll take this gain any day.
Just giving you an update from what we talked about a year ago...
Warren Buffett Missed The Opportunity To Invest In Amazon Early, Says 'I Blew It' And Was 'Too Dumb' — Now He Refuses To Invest Today Saying, 'I've Probably Got So Many Psychological Problems With The Fact That I Didn't Do It That It's Very Hard to Do It Now'
Despite the snubs, Buffett holds Amazon Founder Jeff Bezos in high regard. He met Bezos two decades ago and immediately recognized him as "an extraordinarily clear thinker as well as a brilliant thinker."
Yet, Buffett has expressed that the "miracle" of Amazon's growth deterred him from investing. "If I think something is going to be a miracle, I tend not to bet on it," he said in a 2018 interview with CNBC.
"I'd always admired Jeff," Buffett told Yahoo Finance's Editor-in-Chief Andy Serwer in 2019. "I met him 20 years ago or so, and I thought he was something special, but I didn't realize you could go from books to what's happened there."
Buffett’s reluctance to invest in Amazon is not rooted in skepticism about the company's potential but in his investment philosophy. At the 2017 Berkshire Hathaway annual shareholders meeting, he said, "I was too dumb to realize what was going to happen."
Known for his cautious and methodical approach, Buffett has acknowledged his regrets to CNBC about Amazon while admitting that his reservations are deeply psychological.
"I've probably got so many psychological problems with the fact that I didn't do it that it's tough to do it now," he said.
No. You gave me a news story, without the usual link I might add. And it is not quite a year for 2 more days.
This would be an update.
AMZN (top), $NDX (bottom) showing Amazon outperformed by 3.73%, instead of just buying the index all things being equal. And if it doesn't change drastically before Wednesday, which obvious that wouldn't be very unlikely.
Now META OTOH, which I thought was a dog, has returned 220.85% or a double since last Nov 1st. Good thing I stick with futs. lol
As for Buffett he likes to talk, and a lot of folks like to listen. Especially those in DC.
No. You gave me a news story, without the usual link I might add. And it is not quite a year for 2 more days.
This would be an update.
View attachment 326411
AMZN (top), $NDX (bottom) showing Amazon outperformed by 3.73%, instead of just buying the index all things being equal. And if it doesn't change drastically before Wednesday, which obvious that wouldn't be very unlikely.
Now META OTOH, which I thought was a dog, has returned 220.85% or a double since last Nov 1st. Good thing I stick with futs. lol
As for Buffett he likes to talk, and a lot of folks like to listen. Especially those in DC.
Don't know if you saw this on my journal thread on Wednesday...
I'm back in it...If it gets called away, it's "about" a 20% annual return if you compound the $1,800. (11 months at 5%).
"Another buy...I woke after 10 am this morning (California time). Saw the headlines and what the market was doing.
I've been out of Amazon for about 3-4 months now. I wanted back in...Robotics, AI, cloud, self driving trucks, they may buy some logistics companies on the cheap.
Bought 100 shares of AMZN at $121.33. I then optioned the Sept 24 $125.00 for $18.00 ($1,800). Income if it doesn't get called away...
I am willing to hold through a recession..."
PS I have tried the link before (from Yahoo). My personal Yahoo account comes up on ET. Would rather not have that...
Last edited:
Have you been following Amazon's Drone delivery attempts? Not pretty.
Maybe AI & Robotics might work out better for them. Cloud (AWS) is what saved them years ago. They are strong but are they going to get stronger is the question. Growth is what The Street is always looking for. As for self driving, the verdict is still out on that for many companies and IMO still years away from truly happening. TWT
I should have been more clear. I don't think drones will catch on...Too much crime and liability.
On the self driving truck, I am not talking about the last mile. What I was thinking of is (example), a self driving big rig going from a distribution center outside of Reno to a distribution center outside of Salt Lake. These are long lonely stretches in the middle of nowhere on an interstate. Almost like trucks going through the nowheres of Canada in the summertime.
Realistically, that is what I see for self driving...Not in the city.
True. That will bring efficiency/lower costs to a certain extent but not yuuge IMO.