5.20.2006

Call me crazy

... but I just bought a little AMZN. It's the Wal-Mart of the web. True, you could have bought it for $6 in late 2001, but that was when its survival was in question. Now it's a strong, healthy, profitable company. And it has scale that will be a sustainable competitive advantage.

I might be wrong, but I think this Internet thing that Al Gore invented might have a future.

1 comment:

Patton said...

Planning on holding on for a while, eh?

AMZN (not that you asked) is a perfect example of a great company matched up with a not-so-great stock.

No reason not to own it, but it can be pretty blasted volatile, and for the technically minded, it has spent the last two months in the quant-trader's dustbin, below its 200 day moving average.

Best of luck, either way, and compliments on the interesting (and temporarily single issue) site you have here.

Exodus! Movement of Jah people!

 Joe Rogan is yet another multimillionaire fleeing California’s insanity. Who’s going to be left to pay the bills?