LogFAQs > #942144346

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Topic	Stock Topic 8
red sox 777 07/15/20 12:57:48 PM #158:	I think Amazon's valuation is still outrageously high, but who knows when the bubble will burst. It'll probably be higher in 3 months, but be prepared for the possibility of a 50% drawdown. Might be better to get out now so you aren't caught in it. If that does come and you hold through it, don't get shaken out at the bottom. People who bought Amazon at $94 in 1999 and sold at $7 in 2001 and have then watched it soar to $3,300 in 2020 probably feel awful. --- September 1, 2003; November 4, 2007; September 2, 2013 Congratulations to DP Oblivion in the Guru Contest! <cite>red sox 777 posted [p:942144346] in Stock Topi... [t:78837819]...</cite> <quote>I think Amazon's valuation is still outrageously high, but who knows when the bubble will burst. It'll probably be higher in 3 months, but be prepared for the possibility of a 50% drawdown. Might be better to get out now so you aren't caught in it. If that does come and you hold through it, don't get shaken out at the bottom. People who bought Amazon at $94 in 1999 and sold at $7 in 2001 and have then watched it soar to $3,300 in 2020 probably feel awful. --- September 1, 2003; November 4, 2007; September 2, 2013 Congratulations to DP Oblivion in the Guru Contest!</quote> ... Copied to Clipboard!
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