Just decided to go "all in" on Amazon but then see this... (See previous rant)

Maybe I should just go half in? (3 shares)

That's a lot of money

🍿

Ended up going all in.... But now the price is moving even lower and only 10am... I put in the order was a limit... Currently down 1% since open...

In other news, bitcoins is up 15%...

I'm not technical at all but looks like it's hitting a support then bouncing.. And overall is a downtrend today...

So did that mean it's going to crater....

@ostream working isn't an effective way to become rich though

@donuts That looks right to me.

It was in a downchannel for awhile, hit a resistance key level and bounced, then tested the key level again and found support. Looks like it’s regained somewhat since, but has lost all momentum. Overall, it looks poor.

I can’t predict its next likely behavior without seeing more candle history (I’m away from my lappy atm so I can’t check), but from this (and the news), holding bags of Amazon wouldn’t be my first choice.

Then agin, you should never take the advice of some random person online as reliable financial advice!

@Root my theory was is Amazon going to be around in 50yrs (PE) making the same amt or more. And based on my last post about the colleague, it probably has the next generation hooked the moment they're born.

@donuts yeah. It’s probably a stable long term investment. I doubt anyone or anything is going to uproot them.

And actually you also have this generation of ppl who will be retiring... Maybe we'll pay for prime so they can get anything they want pretty much immediately...

So fundamentals are strong?

@ostream it is funny hiw everyone blames de CEO but it is the COO the one responsible for this shit.

Then again, after all the media coverage the CEO must have had to step in and fucking let the people pee or give them diapers

@ostream no no, it was just a general thought based on what I have seen ok the media for Amazon or other conpanies.

Up the ЯevolutioИ, comrades!

Amazon....

Drugs....

Why ... Should've bought drugs instead...