solovino__ t1_jdn15kv wrote on March 25, 2023 at 4:49 PM

Reply to comment by TheSpiderEpisode in Still waiting Cathie by CalyShadezz

I remember one of my friends really argued Cathie > Buffet in February 2021. He was so convinced this time it was different. All I told him was “read about the dot com bubble” but nothing would get through to him.

Til this day I make sure he hasn’t forgotten why Buffett is daddy.

solovino__ t1_j25s442 wrote on December 29, 2022 at 9:30 PM

Reply to comment by ElectronicImage9 in Amazon lost half its value this year as tech stocks got crushed and recession fears grew by predictany007

Idk when the bottom will be. I just know $83 is a fair price and I won’t risk trying to time the market.

solovino__ t1_j24o2b9 wrote on December 29, 2022 at 5:12 PM

Reply to Amazon lost half its value this year as tech stocks got crushed and recession fears grew by predictany007

Revenue is steadily increasing quarter over quarter, PE is high and Net Margin is low due to reinvestments in the business, PS 1.68.

Already started building a position. Even during the 08 crisis, eBay did not show signs of significant slow down. Online purchasing is not a luxury. It’s a necessity. The world relies on purchases via mail. Perfect time to start buying for me at least. Hoping it continues to drop.