Hacking_the_Gibson t1_j27bul4 wrote
Reply to comment by 0x11C3P in Amazon lost half its value this year as tech stocks got crushed and recession fears grew by predictany007
The problem with handling Amazon earnings since EOY 2021 is that shit stick RIVN bet they marked to market for a blowout Q4 and then got massacred in Q1 2022 on.
The fact is that Amazon's revenue has doubled since 2017/2018, which is the last time you could buy the equity at $85ish. Considering they figured they could cut 20,000 people, I imagine they have plenty of net income they can squeeze out before their core businesses start to suffer.
If it does drop another 20%, I will be pleased as punch because that means I will virtually triple my money over the next 3-5 years.
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