AMZN

17,805 Views | 84 Replies | Last: 1 mo ago by BT1395
59 South
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62strat said:

My AMZN holding is $1k shy of my single largest holding, Famrx.

What a stock. I got pissed watching it continue to go up and up for over 2 years and not buying in, so I finally took that leap of faith back in 2017 with 20 shares.


Similar story for me, but I waited until after Q1 earnings 2018 when I just cried uncle and bought 15 at 1599. That earnings beat was just stupid and figured it didn't matter what happened moving forward this company is going to dominate for the long haul. Right decision!
I bleed maroon
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I was one of the earlier consumer adopters of Amazon, from the late 90's I was a regular buyer of music, books, and then anything else I could buy online when they opened up the "everything store". I was an inaugural Prime member, and just basically have loved their model as a customer for decades, now.

However, for some reason, despite being a fairly savvy investor, I never bought the stock. Finally in 2013, I bit the bullet and bought 100 shares at $255. It made me nervous, as my largest individual stock purchases at the time (I think BRKb was maybe the only one larger at that point). Therefore, I sold half when it appreciated my targeted amount (which is fairly normal for me) and then sold another 20 shares soon thereafter. Luckily, I held on to 30 shares until today.

I think the moral of the story is that if you are a big believer in a product or service as a consumer, and see that others are too, go ahead and invest for the long haul with your favorites. They're favorites for a reason. Yes - you'll occasionally buy a Sony for their state-of-the-art Betamax platform, but overall, you'll have a degree of comfort and familiarity with what the company is all about.

Disclaimer: I currently have two tranches of puts on AMZN to insulate my position, cause I DO STILL BELIEVE that no tree grows to the sky. It wouldn't hurt my feelings for them to expire worthless (they're way out of the money).
62strat
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62strat said:

My AMZN holding is $1k shy of my single largest holding, Famrx.

What a stock. I got pissed watching it continue to go up and up for over 2 years and not buying in, so I finally took that leap of faith back in 2017 with 20 shares.
Well that didn't last long.. AMZN now my single largest holding.

Let's take it to 6 figures!
Furlock Bones
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i've kicked myself more times than i can count for not adding to my AMZN position. Average share price of 390.21.

BT1395
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$3,200...
62strat
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Geez.. ~100% gain since the March low.
BenTheGoodAg
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M.C. Swag
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I wish I had more money to buy AMZN
Aggie@state.gov
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Take out a loan/max your cards/mortgage your house/sell a kidney.

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Rice and Fries
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Thank you for the valuable contribution you've provided this thread with your well sound logic and reasoning as to how you got to your opinion.
HoustonAg2014
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Ubitag said:

Amazon is not a hold IMO


My brother told me I was an idiot putting my whole roth in at an average share price of $1,200. I just kept adding to my position every $200-$300 drop. He fought me saying it was over priced at $800 when I bought it and still fights me to this day. I continue to add every large pullback and needless to say I think he is just jealous that he doesn't have the stones to put $6k on two shares of a stock even if that stock will be worth $10k per share some day...
TexAggie5432
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Aggiesincebirth said:

Ubitag said:

Amazon is not a hold IMO


My brother told me I was an idiot putting my whole roth in at an average share price of $1,200. I just kept adding to my position every $200-$300 drop. He fought me saying it was over priced at $800 when I bought it and still fights me to this day. I continue to add every large pullback and needless to say I think he is just jealous that he doesn't have the stones to put $6k on two shares of a stock even if that stock will be worth $10k per share some day...
I fought the Amazon hype for a long time. Finally jumped on the train at $1500.

They played the long con. Took forever to get profitable but now....

I looked around and realized that I read my books on an Amazon Kindle, ordered all my Christmas shopping through Amazon, had a Prime membership, my wife orders toys, clothes, etc for the kids. They've driven nearly every retail store out of business in the span on 10 years. Walmart and Target are going to be basically the only real survivors.

They are poised to DOMINATE the next decade.
Phat32
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Only thing in their way is the government.
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Foamcows
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BoydCrowder13 said:

Aggiesincebirth said:

Ubitag said:

Amazon is not a hold IMO


My brother told me I was an idiot putting my whole roth in at an average share price of $1,200. I just kept adding to my position every $200-$300 drop. He fought me saying it was over priced at $800 when I bought it and still fights me to this day. I continue to add every large pullback and needless to say I think he is just jealous that he doesn't have the stones to put $6k on two shares of a stock even if that stock will be worth $10k per share some day...
I fought the Amazon hype for a long time. Finally jumped on the train at $1500.

They played the long con. Took forever to get profitable but now....

I looked around and realized that I read my books on an Amazon Kindle, ordered all my Christmas shopping through Amazon, had a Prime membership, my wife orders toys, clothes, etc for the kids. They've driven nearly every retail store out of business in the span on 10 years. Walmart and Target are going to be basically the only real survivors.

They are poised to DOMINATE the next decade.
whats even more fun, every service you listed isnt even really a money maker for Amazon. AWS is the cash cow. Right now Amazon is spending a ton of money to build out their delivery service so they no longer have to rely on UPS or USPS. Once they get that running well enough then things will get real interesting.
BT1395
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Foamcows said:

BoydCrowder13 said:

Aggiesincebirth said:

Ubitag said:

Amazon is not a hold IMO


My brother told me I was an idiot putting my whole roth in at an average share price of $1,200. I just kept adding to my position every $200-$300 drop. He fought me saying it was over priced at $800 when I bought it and still fights me to this day. I continue to add every large pullback and needless to say I think he is just jealous that he doesn't have the stones to put $6k on two shares of a stock even if that stock will be worth $10k per share some day...
I fought the Amazon hype for a long time. Finally jumped on the train at $1500.

They played the long con. Took forever to get profitable but now....

I looked around and realized that I read my books on an Amazon Kindle, ordered all my Christmas shopping through Amazon, had a Prime membership, my wife orders toys, clothes, etc for the kids. They've driven nearly every retail store out of business in the span on 10 years. Walmart and Target are going to be basically the only real survivors.

They are poised to DOMINATE the next decade.
whats even more fun, every service you listed isnt even really a money maker for Amazon. AWS is the cash cow. Right now Amazon is spending a ton of money to build out their delivery service so they no longer have to rely on UPS or USPS. Once they get that running well enough then things will get real interesting.


And then the private label momentum will kick in and take this company to a completely different level. They're just scratching the surface on that revenue stream at the moment. Gonna be a huge part of their story going forward.
HoustonAg2014
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I would be careful if I were Carvana... Amazon starts shipping cars and it's going to get really real.

People HATE going to buy a car to get bothered by some salesman (not hating on the car salesmen in here).

I think people are going to be stunned by how many people signed up for Prime during quarantine. I won't be shocked to see Amazon at $5k by the end of the year and I have no particular analysis to back that up except for every street I drive down in Houston has an Amazon truck. A lot of people my parents age signed up over quarantine and realize how easy and convenient it is and now plan to use it going forward. The older generation has the money right now and if they sign up money will flow into it.

Also on the point of cloud, with working from home from what I understand cloud is booming as companies want to make sure their employees are able to work from home.

Amazon has done a great job of letting others run the market in a particular industry then they come in and take over. They allow competition to happen first before they take it over which is apparently how they skirt around the antitrust regulations.
Phat32
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Aggiesincebirth said:

Amazon has done a great job of letting others run the market in a particular industry then they come in and take over. They allow competition to happen first before they take it over which is apparently how they skirt around the antitrust regulations.
AAPL playbook
59 South
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So could this happen with ROKU? Just seems like such a perfect pair. If not, then AAPL?
BT1395
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$3,300...
HoustonAg2014
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59 South said:

So could this happen with ROKU? Just seems like such a perfect pair. If not, then AAPL?
You saying you think Amazon would knock ROKU out or take them over?

My thought is that Google or Apple will buy Roku. Google makes the most sense though. They want to be the king of Ads and this is a perfect play. Their Comcast is garbage and they would have the inside track on "home" products.

I am wondering if a deal is close and it is just a matter of time.
59 South
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I was meaning buy them out. It just seems AMZN, AAPL, or GOOGL could all come in and buy them out, and it would make tons of sense.
HoustonAg2014
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59 South said:

I was meaning buy them out. It just seems AMZN, AAPL, or GOOGL could all come in and buy them out, and it would make tons of sense.
Oh I completely agree. I just think AMZN is producing content (not great content) and they are pretty bias pushing their product. Apple I don't know much about theirs but they seem to be creating content. GOOGL seems the most in line to buy them and be an aggregator/middleman. To me that would make SOOO much sense. With each passing day that Roku goes higher, it seems to make that price tag for GOOGL go up.
62strat
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BT1395 said:

$3,300...
that didn't last long.. just 3 hours since this post and it's 3076
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BT1395
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Cali shutting down again tanked the markets, So AMZN got dragged down with it. The way I see it, that just means more shopping from home!
62strat
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BT1395 said:

Cali shutting down again tanked the markets, So AMZN got dragged down with it. The way I see it, that just means more shopping from home!
doesn't look like just amzn.

Pretty much every stock I have had a pretty decent drop today. NFLX over 4%.
binsy
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I don't think it has anything to do with Cali. I think the market is taking profits ahead of the banks' earnings calls this week.
HawthornAggie
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Smashed earnings.

GAAP earnings per share: $10.30 vs. $1.51 expected

Revenue: $88.9 billion vs. $81.24 billion expected
RangerRick9211
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I wish my job was to get estimates within 1/10 of accuracy. How do you whiff by that much?
SMM48
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Just got approved to launch their satellite network.
BT1395
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$3,400 and now officially my first 10-bagger!

On to $3,500...
HawthornAggie
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BT1395 said:

$3,400 and now officially my first 10-bagger!

On to $3,500...


Congrats!
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