Submitted by Paradox68 t3_125ui0d in wallstreetbets
I’ve been almost fully invested in Amazon for over a year now. I originally bought really high at around 150 before the entire market decided to crash. When it did, I took the opportunity to buy more and so now my avg cost is down to 102. Currently holding about 150 shares.
I want to try and gauge market sentiment on Amazon here by seeing what you all think. Is it going to continue flat around $100? Is it going to surge tomorrow? I have definitely noticed a trend for the last few weeks or even months that it tends to spike up on Wednesday and Thursdays most often. It seems like there is a lot of resistance, presumably from people who don’t fully understand the breadth of Amazon’s offerings, their leading position in ALL retail segments, and the insane investments in automation they have been/are making.
What are your thoughts?
ticapnews t1_je5ycan wrote
Sir, this is a casino.