Is Amazon worth investing in?
What is your opinion on investing in Amazon today. Don't you think it's a little late? It seems to me that Amazon has already reached such a high level that the price of its shares can no longer change drastically and make a good profit. I think he will just invest in some startup
What is your opinion on investing in Amazon today. Don't you think it's a little late? It seems to me that Amazon has already reached such a high level that the price of its shares can no longer change drastically and make a good profit. I think he will just invest in some startup
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2 answers
Amazone shares are currently not worth buying. On April 14, the stock moved out of the knockout base and then hit a record high of 2,474 on April 30. Since then, Amazon has pulled back almost 5% from the knockout base, but is above the upper limit of the buyout range, which is 2,295.35.
Despite some volatility in recent weeks, the stock remains in a relatively tight trading range. This is quite positive news. After a long homing process, the latest formation was the first phase that is positive.
Honestly, I'd hold off at this point. For now, amazon shares are very expensive and I would rather wait for some recovery.
Unless you are investing for a very long term, absolutely. Amazon is constantly developing its businesses and investing in new startups with potential. Recently, Jeff Bezos invested in an interesting startup dealing with digital shipping and with the capital he has, I think he will be able to develop it.
To sum up. If you are investing for the short term, give it a miss. If you look at your investment in the perspective of at least 10 years, it's worth it in my opinion.
Amazone shares are currently not worth buying. On April 14, the stock moved out of the knockout base and then hit a record high of 2,474 on April 30. Since then, Amazon has pulled back almost 5% from the knockout base, but is above the upper limit of the buyout range, which is 2,295.35.
Despite some volatility in recent weeks, the stock remains in a relatively tight trading range. This is quite positive news. After a long homing process, the latest formation was the first phase that is positive.
Honestly, I'd hold off at this point. For now, amazon shares are very expensive and I would rather wait for some recovery.
Unless you are investing for a very long term, absolutely. Amazon is constantly developing its businesses and investing in new startups with potential. Recently, Jeff Bezos invested in an interesting startup dealing with digital shipping and with the capital he has, I think he will be able to develop it.
To sum up. If you are investing for the short term, give it a miss. If you look at your investment in the perspective of at least 10 years, it's worth it in my opinion.
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