AMZN (Amazon)

[GoldenRetriever]

I'm short Amazon. Here are the reasons why:

 

[KyleLennon]

I'm short Amazon. Here are the reasons why:

I am sorry that you already lost the opportunity.

Amazon may become the first trillion-dollar company.
Retail sales increased 46% year-on-year to $30.7 billion this quarter.
Amazon Web Services grew 49% to $5.4 billion.
The cloud business had operating income of $1.4 billion in the quarter, representing a margin of 26%.

 

[Dowser]

I am sorry that you already lost the opportunity.

Amazon may become the first trillion-dollar company.
Retail sales increased 46% year-on-year to $30.7 billion this quarter.
Amazon Web Services grew 49% to $5.4 billion.
The cloud business had operating income of $1.4 billion in the quarter, representing a margin of 26%.

Should we buy now or wait for a pullback? or maybe 'Sell the news' ? What should we do Kyle???

 

[GoldenRetriever]

I am sorry that you already lost the opportunity.

Amazon may become the first trillion-dollar company.
Retail sales increased 46% year-on-year to $30.7 billion this quarter.
Amazon Web Services grew 49% to $5.4 billion.
The cloud business had operating income of $1.4 billion in the quarter, representing a margin of 26%.

I am aware. I did reverse my position after being proven wrong

 

[KyleLennon]

Should we buy now or wait for a pullback? or maybe 'Sell the news' ? What should we do Kyle???

Personal perspective, if you have extra money, you can buy it and hold it for at least a year. I believe that AMZN will continue to grow.

AMZN is an innovative company. What's more, e-commerce will dominate the world in the future.