Amazon reported results yesterday that were great, with almost all items beating expectations (more in Flash News). However, the outlook for the next quarter was worse, causing the stock to drop 5%. I don 't have$AMZN stock in my portfolio as the price seems high.
Are you buying now after the drop, or does $AMZN still look expensive toyou ?
Amazon is doing well, but investors just want to see the best possible numbers from big companies when they are still at their peaks, and Big Tech hasn't quite been able to deliver that yet. Discounts they are, but not yet significant ones.
I buy $AMZN stock regularly now, and buy even more on dips. This is a stock that has been steadily rising for a long time and I don't want to wait for any significant drops.
Great business, but the drop is still insufficient. I'd like to buy around $200.