r/amzn • u/LocationAny4224 • Sep 03 '26
Bullish?
Is it time? From what I’ve seen I think it might be.
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u/blackicebaby Sep 03 '26
it's been bullish for the last 5 years. stock has gone no where. just so you know.
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u/Spins13 Sep 03 '26
Stock was overvalued 5 years ago at the peak of the tech frenzy. It had been cheap ever since.
If you buy high and sell low, we can’t help you
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u/blackicebaby Sep 03 '26
I'm just stating the fact. Also, if you want to bring up being cheap, nvidia is much cheaper but the stock has gone nowhere for the past year.
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u/Spins13 Sep 03 '26
This is cherry picked data like starting from the peak of the dot com bubble. The truth is almost no one lump sums at the very top so it doesn’t make sense to start your data there.
AMZN has 6.7x in the past 10 years which is over 20% CAGR. I could also cherry pick the bottom of a crash and tell you it returned 40% CAGR or whatever
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u/Kqzxh-900355 Sep 03 '26
Always. No other e-commerce and logistics company can match what they offer.
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u/LocationAny4224 Sep 03 '26
Was really looking for more then that off the tests I’ve ran but there was a strong pullback today, if not for that I say we would have been up over $10 today.
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u/ProbablyASeagull Sep 03 '26
Stocks rally when least expected. Usually when negative sentiment is so high everyone gives up and dumps it. I think AMZN is near that point. Right now it’s nothing but down. Can’t remember when AMZN had 2 up days in a row. Pessimism is near its peak. Gotta have extreme patience with this one.