Submitted by Paradox68 t3_125ui0d in wallstreetbets
Paradox68 OP t1_jea0e6k wrote
Reply to comment by Branconier in Anyone else think AMZN is going to pop off tomorrow? by Paradox68
… uh huh.
You know, I don’t usually gloat when I’m right, but didn’t I say it would surge today? I almost feel sorry for you almost, but I don’t. You’re welcome to anyone that listened.
Ma4r t1_jeayww0 wrote
It surged 1.7% ,that's barely a $300 increase for a $15.000 investment... The risk reward ratio is insane considering that tech startups are getting fucked while the big customers are cutting costs and looking to move inhouse for their hosting purposes.
I also believe that the only reason amazon jumped today was just the general stock market being up with many other stocks today having a 2% jump and more which are way better investments than amazon. So from an opportunity cost perspective you actually missed out on a significant amount on this investment.
Edit: It's already down to 1.3% if you didn't come out of the trade during day highs . Considering last year inflation was at 6% you're still losing money in this 1 year trade
Paradox68 OP t1_jebjkp1 wrote
Your numbers are off.
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