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Topic	Stock Topic 8
red sox 777 07/15/20 1:09:49 PM #161:	Lopen posted... I'd be pretty surprised if Amazon dropped below the 2300 range it was hovering around in May, but I could see it falling back down to that before it gets back to 3300. I do think it's overvalued because of scared investors wanting to put their money SOMEWHERE. Based solely on the shape of the standard bubble chart (so take this with a grain of salt), and looking at Amazon's, I'd say most likely Amazon makes one or 2 more pumps to get to 4000-5000, then plunges down to 1500ish, then ends up stabilizing north of 2000. 2018 could have been a bubble top but that long period of not rising after that means the actual bubble top should need to be high enough to make the chart look like a mountain with a jagged peak rather than a rounded dome. --- September 1, 2003; November 4, 2007; September 2, 2013 Congratulations to DP Oblivion in the Guru Contest! <cite>red sox 777 posted [p:942144834] in Stock Topi... [t:78837819]...</cite> <quote>Lopen posted... </cite> <quote>I'd be pretty surprised if Amazon dropped below the 2300 range it was hovering around in May, but I could see it falling back down to that before it gets back to 3300. I do think it's overvalued because of scared investors wanting to put their money SOMEWHERE.</quote> Based solely on the shape of the standard bubble chart (so take this with a grain of salt), and looking at Amazon's, I'd say most likely Amazon makes one or 2 more pumps to get to 4000-5000, then plunges down to 1500ish, then ends up stabilizing north of 2000. 2018 could have been a bubble top but that long period of not rising after that means the actual bubble top should need to be high enough to make the chart look like a mountain with a jagged peak rather than a rounded dome. --- 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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