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
Ma4r t1_jeayww0 wrote
Reply to comment by Paradox68 in Anyone else think AMZN is going to pop off tomorrow? by Paradox68
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
