Amazon Too Cheap to Ignore – Buy On Dips

3 months ago

"And that's why I told you guys the stock was too hated. It was too cheap to ignore and I've been buying to dip on the stock. It's so far paying off. But we'll see what happens tomorrow. It could change within two or three minutes. If it goes back down, I would be a happy buyer to buy more of the stock and average up on my position and build it as a long-term investment. I believe Amazon has about another 15 to 20% on the upside from the 10% moves we had today and from then I would see at least a 20% annual return."

The speaker expresses strong bullish sentiment on Amazon (AMZN), emphasizing that the stock is undervalued and that buying on dips has proven profitable so far. The commentary lays out an actionable strategy: hold the position, and if the price dips, accumulate more shares for a long-term investment, expecting an approximate 15-20% upside and a 20% annual return.

Related Stocks