Tag Archives: rate increase

Selling Off Amazon Shares On Cyber Monday Is Incredibly STUPID — Just Herd Mentality!

by Anura Guruge


amznnov28

Click to access v. germane ‘MarketWatch’ story.


amzncybermon

From “MarketWatch” — use link above to access chart if you need to. Otherwise: marketwatch.com


 

Betting against Amazon post-Black Friday and during what is really ‘Cyber Week’, rather than just Cyber Monday, is PLAIN STUPID.

You know, and I know, that Amazon is making out like a bandit.

Others might do well, but in the end Amazon would still have done better.

Why bet against Amazon (AMZN) to YOUR detriment.

Today’s 1.9% drop should be a buying opportunity.

Amazon will go past $800 before the year is out AND ahead of the Fed’s, inevitable (spite Trump), December rate increase.

This is not the time to sell. Wait for it t0 get to $800+ — then sell JUST ahead of the December Federal Reserve meeting December 13 – 14, 2016.

But for now … BUY, BUY, BUY AMZN.

Full disclosure: I own AMZN and I am very long. 


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by Anura Guruge