Amazon
About a month ago, after Amazon announced earnings on April 25th, Amazon’s stock went up close to 50%. I thought that was incredible for such a large company. They announced a billion dollars in increased earnings. I had noticed Amazon not long before the announcement, wondering why its price seemed so depressed. It is a solid company, with excellent promise of future growth: S3, EC2, etc. seem like the future of the web. Amazon is also experimenting in completely new venues, such as shoe sales through endless.com.
After the huge rise, I decided to learn more about Amazon. I signed up for Amazon Prime. I love it. Amazon Prime lets me ship, free two-day shipping, all of the books, toiletries, and even food that I want straight to my dorm room door. Normally, I have to take long treks outside of the heart of campus and plan half a day around making a new purchase. Amazon simplifies this for me, and quickly.
Just last Thursday, given the fact that investors now have faith in Amazon, and that it is a very solid company financially, I decided to buy them. Today, Monday, the stock rose 8%. giving me very healthy earnings. I have not traded in weeks, maybe months. It’s days like these that give me ridiculously good returns.
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