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.

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