4troglodyte t1_j24r0a8 wrote on December 29, 2022 at 5:31 PM

Reply to comment by 0x11C3P in Amazon lost half its value this year as tech stocks got crushed and recession fears grew by predictany007

I appreciate your DD and thoughts about the trajectory of the stock. I entered into my first position beginning last Thursday and Friday. I added another 100 shares yesterday and hoped to add another 100 shares today but it has lifted back off this morning. I want to hold a small 700 share position (600 now) and stay long for 24 months barring black swan. I concede AWS penetration has slowed but don’t believe it is adequately valued in overall stock price. I stand by recovery to $170 by first quarter of 2025. Thanks for taking a minute to help me understand your premiss🙏🏻

0x11C3P t1_j24rync wrote on December 29, 2022 at 5:37 PM

If you believe in the company, just DCA into it. I could be wrong as I'm not a wizard. I just feel the era of growth companies is gone for the time being and most growth companies, if they survive, won't hit recent high valuations for years.