Amazon stock is down to below 3000. Bought at 3300! Thoughts? I’m sure it will go back up, but when? And by how much? Appreciate any expert guidance!

likefunny
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No worries, it will go back up after the upcoming tech crash.

likefunny

Be patient it will rise again and buy more to reduce your cost basis if you can

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Lol yes please someone tell us the future

likefunny

It will rebound Sunday morning at 8:03 and will be at 5000. You’re welcome.

likefunnyupliftinghelpful

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You didn't lose anything unless you sell.

likesmartfunny

Always use stops. Repeat that 3x. Who cares if you get kicked out, you can rebuy. You are now a bag holder full of hopium. It’s back up today, place stops as it goes up. Preservation of capital is the first priority.

(This advice brought to you from 35 years of trading and a 7 figure blown out account.)

If you’re worried about that, you’re not ready to invest.

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This was me back in 2014. I sold once I got back into the green (took about a year to recoup the losses).
Don’t be like me.

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I bought it while it was $500 so 😂😂

funny

🤡

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Go on Yahoo Finance, you can review the performance of this stock on a daily basis for the past day, week, month, 6 months, year or 5 years. You can see the fluctuations. If you have more $ to invest, buy more. No one can Time the market, you can evaluate whether it’s a good price based on performance then invest. The safest bet is index fund and ETFs (Vanguard or SP500) and let it sit there for decades.

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Experience goes a long way! But yeah haha it’s difficult to predict, I just figured there’d be some experts with experience on here that would be able to provide insight to a young novice.

When you buy a stock, you should plan to hold it for at least a year unless there’s a specific exit price that you think is upcoming where the profit rationalizes the short term gains tax you’ll pay. Investing is a long game. Anyone trying to time anything, play options etc, is gambling. There’s a big difference.

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Target price 7,000

Yeah, in like 5 years

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Sell sell sell! Buy buy buy!

Really?

It will move up when the correction stop.

Those are rookie numbers

Confirmed we’re in a tech bubble.

$3300 is insanity

Too low or too high?

Second wave of the virus is coming. Majority of the nation is mild to cold climates. Double down now while we you can.

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