Last Chance To Buy Amazon Below $2,000 A Share

This is a Post from the Symbol Surfing Blog from Wed, Aug 29, 2018.


This really could be the last chance to get in AMZN below $2,000.

Just look at the 1 year chart.

This stock doubled in the last 12 months.

What about a pullback? Is it overvalued?

I don't see the stock taking a break.

They are so diversified and dominant as well.

Diversified Dominance

Did I just come up with a new phrase? Probably not.

Also, with AAPL breaking the $1 Trillion Market Cap barrier, I'm betting AMZN will not be far behind.

Amazon Could Join Trillion-Dollar Club as Analyst Sees Stock Surging to $2,500

Symbol Surfing was cited in this article by Jon Swartz at Barrons.

What if you don't want to put $1,996.49 into 1 stock?

The answer is fractional shares!

At this time, Robinhood does not offer this option, but I found another broker who does.

Stockpile - Your Favorite Stocks By The Dollar

With Stockpile, you can buy $200 worth of AMZN which is about 10% of 1 share.

If AMZN is at $3,000 in 1 year, your fractional shares of stock will be worth about $300.

If AMZN is at $1,000 in 1 year, your fractional shares of stock will be worth about $100.

I can't think of a good reason to not own at least some amount of this company.

I have traded this stock over the years for nice gains but I would have been better off never selling.

Hindsight is great, isn't?

Let me know in the comments section!

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