11–20 of 90 posts
They have a term for this kind of article on Wall Street: Trying to catch a falling knife " stocks have been beaten up. It's time to buy now!" Like clockwork, you can count on those stories appearing after a crash.
Edit: Just to clarify, a martingale is a bet that's equally likely to go either way and has zero expected value.
You can't generalise, and nobody really knows.
Sure you can. NASDAQ https://finance.yahoo.com/quote/%5EIXIC/ and VGT https://finance.yahoo.com/quote/VGT/ Agree that nobody knows.
I'd like to see longer-term revenue reports to make sure their P/E ratios (or similar) are decent. The staff reductions etc. have yet to fully play out in terms of costs and results.
They have a term for this kind of article on Wall Street: Trying to catch a falling knife " stocks have been beaten up. It's time to buy now!" Like clockwork, you can count on those stories appearing after a crash.
Earlier quoted context omitted.
Is this sarcasm?
I don't know about "any minute now" But I would echo the comment that I think they face a lot of turbulence in their future.
As an aside it seems like Amazon is a bit of a sacred cow on hn. It's assumed it is some exceptionally well run company with an extremely promising investment future - but the reality of the past few years has exposed that hypothesis a bit. It is the first company to lose over a trillion dollars in shareholder value.
Further, much of their business strategy was copied by other .com companies during the dot com boom, and they pretty much all failed spectacularly. Pets.com is the notable example, which had investment from Amazon itself, the same "get big fast" mindset, and spectacularly collapsed.
It seems a lot of "what works for Amazon" doesn't actually work anywhere else for some reason. If you've had ex-Amazon managers enter your organization you've probably seen this first hand.
I was also practically laughed out of the room for suggesting that Walmart is many times a better e-commerce experience these days compared to Amazon, as if comparing Walmart to Amazon is a laughable proposition which only a fool would make. Well, I would challenge anyone reading this to actually use Walmart and come to your own conclusion. It's cheaper. Shipping is frequently faster. They have more selection in stock sold by Walmart. And frankly I don't see any reason to go back to Amazon after using Walmart for several months.
Amazon is going to lose it's shine more and more, and I think the turbulence they are already facing is just the beginning.
They have a term for this kind of article on Wall Street: Trying to catch a falling knife " stocks have been beaten up. It's time to buy now!" Like clockwork, you can count on those stories appearing after a crash.
They have a much better term that really captures this stuff it is, "a martingale." Edit: Just to clarify, a martingale is a bet that's equally likely to go either way and has zero expected value.