It appears amazon lives in a world of it's own. No question that this company seems to have a bright future ahead of it. Though it seems everyone has decided that means they must own it's stock. Taking it's P/E to over 100. RSI is sitting in over sold territory. This stock truly seems to be living with the misconception that a good company means a cheap stock price. Clearly price and quality of companies does not always align. This is how some get stocks at a discount be understanding a good company at a low cost. The problem with amazon is to many eyes. It's everyone's great idea. The likely hood of it becoming overpriced when face with such mindsets is astronomical. If I was looking at buying this stock i'd ask myself what do I know that everyone else does not already know? What analysis have I done that makes me think i'd be at any advantage over heard mentality.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.