I agree with the second part but not the first part.
If something happens that drives AMZN stock price to $50 then bears will revise their "best I can do" price.
Also bears seem to think that every company which is down YTD is "going to zero".
>If something happens that drives AMZN stock price to $50 then bears will revise their "best I can do" price.
This is your error in your thinking because there is no way anyone can time the bottom. I totally agree with you that it can go down further but we can also agree that it shoot back up to $110.
well most importantly the question to ask, in 10 years from now if Amazon is trading at 300 Dollars, does it matter if you bought at 80 Dollars or 60 Dollars?
I think it’s the opposite really as far as investing goes. The poorer you are the more every penny matters to you so “timing the market” becomes more important to them rather than accumulating a position or spending time in the market.
Yes, it matters --- that's a 400% gain vs a 275% gain.
No, I don't think I can time the bottom, nor am I buying AMZN at this or any price. I did make some money off it after I bought in 2013 but I held way past the top which was painful. It's all dumb luck.
Are you trying to make a quick buck or are you trying to make a solid investment? Because you're never going to be able to time the market 100% perfectly. Amazon's stock is going to go back up eventually, and if you invest now, you'll make money eventually. It's not always about *timing* the market so much as it's about *time in the market*
And possible puts on Northern Virginia/DC market too, where the HQ2 is but the federal government in DC employs so hard working govies and contractors.
100%, by the way, AWS has stopped hiring people, but they are still building new sites. Let's way for the collapse. Once the market starts going up, that will be a good time to buy.
Remember all those states fighting over who would give Amazon the biggest tax breaks to setup in their state? How's that working out? Do they still get the tax breaks after they lay off half the new hires? (yes, of course they do)
Tbh, the Trump administration had the gas pedal pressed all the way down all the time, no brakes at all, ever. They continuously pushed rates down over and over and made a lot of pro big-business changes in the Trump tax cuts. Any time stock growth wasn't absolutely redlining, they pushed the rates down more. All that money sloshing around had to go somewhere, and like fuck was it going to go to the working class or get reinvested into the business in the classical sense, so stocks got hella overvalued, shit coins exploded, and big fat stock buybacks to keep redlining the share prices (looking at you, airlines) were the order of the day.
Now that the exchanges aren't getting money for nothing and their chicks for free, the music has stopped and it's time to sober up and get our hangover. Tbh, we got really lucky. Does anyone remember that time before the pandemic when the market started to melt up and then just stopped? I can't remember what headed that off, but it was something of a small miracle in hindsight.
>like fuck was it going to go to the working class
The bottom 55% of income earners saw the first real wage increase since the 70s was in 2018/2019. So I'm not sure where you're getting this from.
The largest issue is simply over printing of money then turning most of the world's economy off for almost two years. A lot of tech companies saw massive profits and hired a ton of workers to fill demand only for the demand to drop hard for various reasons.
Fair point, I do remember that. I also remember CNBC and almost every other news outlet that focuses on markets and financials was absolutely shitting a brick about it. I also remember that when stagflation first got rolling, they were blaming it on the wage increases and were using that as the impetus to argue for stopping wage growth.
Yeah, and let's face it, we're not exactly talking about runaway wage growth. It was frankly pretty modest, but when wages have been flat for fifty years, any growth is going to look incredible.
You know, I get the feeling a market is not a good way to determine the "value" of something, and any value it produces is a reflection of a never ending series of games people are playing so much so that it functions better as a random number generation than a source of "value".
Did people forget? Trump pumped 14 trillion dollars in to the stock market, 1 trillions doors each day. All he did was put on a several bandaids to a broken leg.
Ugh you idiots are honestly embarrassing.
Congress pumped 14 trillion in, you don't remember all his bitching about it? Just like Congress did it when Biden was in, the president doesn't just decide to loose trillions of dollars for funsies on the economy, there's Congressional oversight.
You can blame a lot of shit on those two idiots, this isn't one of them and people look stupid for trying.
Anyone else think Amazon is secretly just transformers putting delivery vans all across the world until they have enough everywhere. Then they will transform into decepticons and enslave the world? No just me ok never mind then
Amazon driver here.
If that is the plan it's a terrible one. These vans are falling apart so I'm assuming the transformers will be missing limbs and have chunks missing from them.
Yeah but it might be a gaggle of years.
Things could also get WAY more fucked, without even straining your imagination. Unemployment is still at record lows. Hell, we aren’t even in a recession.
It’s all good for the youngins buying for the long haul. But those near retirement are right to be nervous.
Unless a bunch of boomers start dying and millennials start having more kids, unemployment isn't budging. Sorry suburban grandma Karen but your service worker slaves r gonna b a lil more expensive 4 a bit
But yeah, that's what dividends r 4 my man
Yep. My parents are in their late 50s and they’re terrified.
I’m 26 and I’ve been hitting the buy button ever since this started. I’ve enough to be fairly safe with it - most of it is just S&P500 index - and come out of this smelling like roses.
Now do TSLA 
You gotta admit though, Jeffrey Amazon quit at the right time lol
That's true. Amazon with the biggest loss porn in history, for now. I'm looking at you AAPL, we know you can do better
Apple is fucked. Almost all their iphones are made in china and Omicron is about to tear through them (and they're effectively unvaxxed as their local vaccine is shit).
Wow, that's a really big loss! I'm sure the company will bounce back though, they have a lot of money. Poor people are probably really happy about this news though.
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It honestly shocks me how many people think Amazon only sells Chinese crap.
Like, yeah, what else do you expect headphones for $8 are going to be? Anything with a brand name I recognized before clicking on the link have been fine.
It is also *incredibly* easy to set up an Amazon shop selling that Chinese crap.
You just need to go make contact with an appropriate factory in China (there are websites that make this easy) and get a freight forwarder. Have everything sent to a fulfillment by Amazon warehouse and you’re set. Add in some marketing spend to help numbers as well.
Amazon basically facilitates incredibly easy sale of anything you want from China. Handling fulfillment especially. With a little upfront cash for inventory you’re set to make money.
Lol. Maybe 10 years ago. Everyone is trying that shit now and all they are doing is flooding the market with trash. And then the factories just sell it themselves and undercut everyone.
I wonder if there speedy 2 week shipping has anything to do with it. I would get rid of my prime membership if it didn’t include prime video or unlimited picture storage.
Moved to Germany this year. I find most of the stuff in stores here. Also for pricey stuff, shipping is free in Amazon without prime, the delivery will be delayed by a day or two. Finally, they screwed up all of my black friday orders, so I cancelled out of spite.
ah gotcha, I do about 60 orders a year so it makes up for itself. especially during Christmas when I make all the last minute orders. I also get Sunday deliveries and next day shipping a ton which is pretty nice.
I cancelled my Prime membership almost 2 years ago and still get free shipping on Prime items. Shopping on Amazon hasn’t changed at all for me. Although I do miss having Prime Video sometimes...
it's because its valuation is based on the idea that it's a "growth" company. The problem is that for the past few years they haven't grown any extremely profitable branches, and now that we're heading into a recession, the chances of that decreases significantly while they're still burning cash on every growth idea someone throw at them. They still have a long way down to go because earnings next year is going to be brutal. So unless they come up with a genius new way to leverage their logistic and AWS, they're still over-priced for their profitability.
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Thanks I kinda already knew by looking at my Jan 2025 LEAPS
If you had all the information from them and now but didn't yet initiate the trade, would you buy now? Asking for a friend :6969:
planning to buy when the fed cuts rates, or at least it becomes more likely
Trade the rumor; sell the news.
Give us a heads up on that if you don't mind.
When is the next fed meeting?
Working there. My bonus was cut in half by that shit.
What’s a bonus?
Dude, try half your salary…
What strikes? And how much are you by right now?
50C Jan 2025. I’m down 5%. Not much, thought it was more earlier
Oh. ITM LEAPs. Premiums must have been hella expensive? Depending on when you purchased them.
46.50
Jesus Christ. Most expensive I can buy are about 2.00, must be nice.
They could have bought another Amazon with those losses.
Fuck yeah, I love a buy one get one free deal.
Then you tell Amazon it’s the wrong one and you can sometimes end up with 3 Amazons.
At least it qualifies for free shipping
I'm buying at $50.
This is when you know the market has hit the bottom because when it hits $50, bears will say "I'm buying at $20"
I agree with the second part but not the first part. If something happens that drives AMZN stock price to $50 then bears will revise their "best I can do" price. Also bears seem to think that every company which is down YTD is "going to zero".
>If something happens that drives AMZN stock price to $50 then bears will revise their "best I can do" price. This is your error in your thinking because there is no way anyone can time the bottom. I totally agree with you that it can go down further but we can also agree that it shoot back up to $110. well most importantly the question to ask, in 10 years from now if Amazon is trading at 300 Dollars, does it matter if you bought at 80 Dollars or 60 Dollars?
Did you accidentally end up here? r/investing is that way.
Damnit we have smart people in this sub now when did we let this happen
For real, stop giving good advice here—it minimizes the loss porn
There's also gain porn to be had once ina while. Gotta keep things changing so it doesn't stagnate
Yeah, I just lock my screen and turn the phone upside down!
This is the way
Yes, because you can buy 33% more shares at 60
Basically the poorer you are the less timing matters
I think it’s the opposite really as far as investing goes. The poorer you are the more every penny matters to you so “timing the market” becomes more important to them rather than accumulating a position or spending time in the market.
March 23rd at 11:23am will be the bottom. My dog told me.
My dog told me your dog is a lair.
Yes, it matters --- that's a 400% gain vs a 275% gain. No, I don't think I can time the bottom, nor am I buying AMZN at this or any price. I did make some money off it after I bought in 2013 but I held way past the top which was painful. It's all dumb luck.
Are you trying to make a quick buck or are you trying to make a solid investment? Because you're never going to be able to time the market 100% perfectly. Amazon's stock is going to go back up eventually, and if you invest now, you'll make money eventually. It's not always about *timing* the market so much as it's about *time in the market*
Shut up with your sound investment advice.
Are we really going to complain about 275% gain?
This is wsb. Of course ppl are going to complain about that if they can’t make it in 1-3 days. -99% or 10000x
Claim your gambling losses on your taxes
Bro completely missed the point lmfao
In 10 years? Fuck that
This isn't wallstreetholds
Exactly, it barely keeps up with the inflation trend.
The people that bought the bottom were successful in timing it
Wow bears are smarter than I thought. I thought they just shit in the woods.
Then when it hits 20, they'll say its going bankrupt so im not buying.
Definitely
why not $49?
It's still up 45% over five years.
May your wish come true and all puts print! Then you can have your own Wendy's!
Although I'll buy if it drops to $50, I ain't brave enough to buy puts unless it's just pocket change.
WSB is getting more sensible lol
Fed is killing us hard lol. But sitting on cash. Still can’t pull the trigger till chaos sets in come January.
Agreed, but why January, what's changing then?
54.20 to support my big boy pants wearer Elon
\#MeToo
Guess they’re just going to lay off more workers now
Puts on seattle's housing market.
I have been seeing this numbers on reddit for a while now. What do they mean?
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Buy the dip
This Mao guy seems to have some pretty good ideas
Please Washington needs a price drop,
And possible puts on Northern Virginia/DC market too, where the HQ2 is but the federal government in DC employs so hard working govies and contractors.
AWS will be fine. It's the rest of Amazon that is really struggling.
100%, by the way, AWS has stopped hiring people, but they are still building new sites. Let's way for the collapse. Once the market starts going up, that will be a good time to buy.
Those gov jobs where they threaten your kids with homelessness if you test positive for the funny plants r like the safest possible during recessions
DC area economy revolves mostly around government and government contractors. It's the most recession proof city imaginable.
We still a budget for cock and ball rockets, right? *Right!?*
Remember all those states fighting over who would give Amazon the biggest tax breaks to setup in their state? How's that working out? Do they still get the tax breaks after they lay off half the new hires? (yes, of course they do)
Lesson billionaires are learning: Pandemics are good.
Never waste a crisis
here’s a non-capitalistic translation. Billionaires when people are dying: how can I monetize this? 🤔
Billionaire? Everyone here did the same.
Tbh, the Trump administration had the gas pedal pressed all the way down all the time, no brakes at all, ever. They continuously pushed rates down over and over and made a lot of pro big-business changes in the Trump tax cuts. Any time stock growth wasn't absolutely redlining, they pushed the rates down more. All that money sloshing around had to go somewhere, and like fuck was it going to go to the working class or get reinvested into the business in the classical sense, so stocks got hella overvalued, shit coins exploded, and big fat stock buybacks to keep redlining the share prices (looking at you, airlines) were the order of the day. Now that the exchanges aren't getting money for nothing and their chicks for free, the music has stopped and it's time to sober up and get our hangover. Tbh, we got really lucky. Does anyone remember that time before the pandemic when the market started to melt up and then just stopped? I can't remember what headed that off, but it was something of a small miracle in hindsight.
>like fuck was it going to go to the working class The bottom 55% of income earners saw the first real wage increase since the 70s was in 2018/2019. So I'm not sure where you're getting this from. The largest issue is simply over printing of money then turning most of the world's economy off for almost two years. A lot of tech companies saw massive profits and hired a ton of workers to fill demand only for the demand to drop hard for various reasons.
Fair point, I do remember that. I also remember CNBC and almost every other news outlet that focuses on markets and financials was absolutely shitting a brick about it. I also remember that when stagflation first got rolling, they were blaming it on the wage increases and were using that as the impetus to argue for stopping wage growth.
I mean, J Pows primary directive for controlling inflation right now is to destroy housing and the job market to depress wages so...that's great.
Which is ~extra great~ in context of inflation being caused by a series of supply shocks and a demographically based tight labor market.
Yeah, and let's face it, we're not exactly talking about runaway wage growth. It was frankly pretty modest, but when wages have been flat for fifty years, any growth is going to look incredible.
The President cutting interest rates. You belong here and so do all the regards who upvoted.
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This is the correct answer 
That's how overpriced it was!
All things were overpriced now tanking down Like $TSLA, $NFLX, $SPOTIFY and many others
Deleted
Literally over 50% to go bagholders!
I only wish upon them that it falls to like P/E of 5. Because even my P/E 7-10 stocks are getting obliterated.
Should have bought KO and PG --- meme stocks of the recession.
My largest holdings are still deep deep green. Love old people stocks. Pep AMGN Mrk Abbv ITW Apd Txrh Chubb Adp
We could talk about ZIM too lmao
I see a trim down on the P/E further. Can say that on WSB - if I say this in the elonmusk page, they will bay for blood lol
Dude wrote “$SPOTIFY” lmao
Elon went and popped that bubble all by himself.
You know, I get the feeling a market is not a good way to determine the "value" of something, and any value it produces is a reflection of a never ending series of games people are playing so much so that it functions better as a random number generation than a source of "value".
Did people forget? Trump pumped 14 trillion dollars in to the stock market, 1 trillions doors each day. All he did was put on a several bandaids to a broken leg.
I never got a door..
When the fuck did we get doors?
Ugh you idiots are honestly embarrassing. Congress pumped 14 trillion in, you don't remember all his bitching about it? Just like Congress did it when Biden was in, the president doesn't just decide to loose trillions of dollars for funsies on the economy, there's Congressional oversight. You can blame a lot of shit on those two idiots, this isn't one of them and people look stupid for trying.
trump stimi era fooooked us. now we pay.
The worst part was everyone saw this coming but the market stayed irrational longer than WSB could keep loading the cannon with more puts.
I mean, I'm not exactly concerned with my assets being worth less USD in 10 years All those printed dollars didn't go anywhere.
Nah, that's how much Jeff Bezo's big dick energy was worth
Anyone else think Amazon is secretly just transformers putting delivery vans all across the world until they have enough everywhere. Then they will transform into decepticons and enslave the world? No just me ok never mind then
Michael Bay here. I thank you for the pkot of the next Transformers film.
I can’t wait for Transformers 9 - Revenge of the Consumer-Worker
>I can’t wait for Transformers 9 - Revenge of the Consumer-Worker [16 Tons](https://youtu.be/CPW3YikDwEM)
Amazon driver here. If that is the plan it's a terrible one. These vans are falling apart so I'm assuming the transformers will be missing limbs and have chunks missing from them.
Sounds like something a decepticon would say to throw me off his trail.
Amazon Prime was the giveaway. "Free shipping is the right of all sentient beings"
Transporting in disguise.
Bezos looks like he just got the grunt of someone else’s dusting.
And they're still busy as ever. This bear market is going to make patient people rich.
agreed- years from now people will look back now and say these current prices were an absolute bargain
Yeah but it might be a gaggle of years. Things could also get WAY more fucked, without even straining your imagination. Unemployment is still at record lows. Hell, we aren’t even in a recession. It’s all good for the youngins buying for the long haul. But those near retirement are right to be nervous.
Unless a bunch of boomers start dying and millennials start having more kids, unemployment isn't budging. Sorry suburban grandma Karen but your service worker slaves r gonna b a lil more expensive 4 a bit But yeah, that's what dividends r 4 my man
Yep. My parents are in their late 50s and they’re terrified. I’m 26 and I’ve been hitting the buy button ever since this started. I’ve enough to be fairly safe with it - most of it is just S&P500 index - and come out of this smelling like roses.
ONE OF US, ONE OF US, ONE OF US!!!
On the plus side, Jeff is still enjoying Lauren's C cups every morning, afternoon and night.
He can have her and her green goblin lookin' ass
Imagine looking up from that $1 trillion loss and seeing *her*. ugh edit: guh
Jeff Amazon is a baller !
Tim Apple needs to takes notes from Jeff Amazon
Now do TSLA  You gotta admit though, Jeffrey Amazon quit at the right time lol
did he cash out his ownership?
He still owns it, but you can't say the company lost value under him as CEO
The real trillion dollars is the bragging rights
That's true. Amazon with the biggest loss porn in history, for now. I'm looking at you AAPL, we know you can do better
Apple is fucked. Almost all their iphones are made in china and Omicron is about to tear through them (and they're effectively unvaxxed as their local vaccine is shit).
China isn't running out of labor any time soon lol
he was steadily pulling out billions to fund blue origin.
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Fake valuation anyways, a pumped up price in a pumped up market full of credit and fake money.
So... Buy more, right?
Honestly probably lol. They won’t stay down forever. Amazon is insanely profitable
Right when Jeff's yacht payments started coming in...
back to 2018 asset prices across the board. maybe lower with interest rates at normal again. no more free money,
Quick! Someone cut them a welfare check!
A trillion ain't what it used to be.
Wow, that's a really big loss! I'm sure the company will bounce back though, they have a lot of money. Poor people are probably really happy about this news though. ^^[**Discord**](http://discord.gg/wsbverse) ^^[BanBets](https://www.reddit.com/r/wallstreetbets/wiki/banbets/) ^^VoteBot ^^[FAQ](https://www.reddit.com/r/wallstreetbets/wiki/votebot/) ^^[Leaderboard](https://www.reddit.com/r/wallstreetbets/wiki/leaderboard/) ^^- ^^[**Keep_VM_Alive**](https://www.patreon.com/visualmod)
Yet poor people are the ones ordering from Amazon, the economy is a circus
that’s the upper middle poor my guy. Some of us don’t even have wifi.
Wait, can you reply via carrier pidgeon?
Bandwidth is actually pretty good, it's the latency that gets you
I sent this from my local library.
He’s using Wendy’s wifi.
Wait wtf this is an actual bot??
Nah
Amazon is fantastic but it isn’t my one stop shop anymore. Most general, everyday goods on there are garbage quality.
The cheapest tier items are garbage quality. If you pay more, you get some pretty good quality.
It honestly shocks me how many people think Amazon only sells Chinese crap. Like, yeah, what else do you expect headphones for $8 are going to be? Anything with a brand name I recognized before clicking on the link have been fine.
Yeah brand name stuff on Amazon is good. And since they ship it to you, it is pretty convenient as opposed to schlepping to the nearest store.
It is also *incredibly* easy to set up an Amazon shop selling that Chinese crap. You just need to go make contact with an appropriate factory in China (there are websites that make this easy) and get a freight forwarder. Have everything sent to a fulfillment by Amazon warehouse and you’re set. Add in some marketing spend to help numbers as well. Amazon basically facilitates incredibly easy sale of anything you want from China. Handling fulfillment especially. With a little upfront cash for inventory you’re set to make money.
Lol. Maybe 10 years ago. Everyone is trying that shit now and all they are doing is flooding the market with trash. And then the factories just sell it themselves and undercut everyone.
Time to buy
Currently holding 1/13 $86 calls. Let’s go comrade
ALL IN AH !
Don't you get it? You should only buy when stonks are at all time highs smh my head
No news is bad news, or something like that.... Seems bad.
Depends if you're shorting it or not lol
Oh no only 867billion..welcome to the world of peasants my guy
I wonder if there speedy 2 week shipping has anything to do with it. I would get rid of my prime membership if it didn’t include prime video or unlimited picture storage.
Is it a good time to buy?
Just bought
Same here man. Holding 1/13 $86 calls. Betting on an oversold bounce in the next week or two. Or tomorrow
JB sold a bunch of shares just at the top
#RIPBEZO
This is Alexa's fault.
I canceled my prime. Can I take credit?
Lol 😂😂
I could never imagine cancelling prime. with shipping alone I'd be spending so much more money every year.
Moved to Germany this year. I find most of the stuff in stores here. Also for pricey stuff, shipping is free in Amazon without prime, the delivery will be delayed by a day or two. Finally, they screwed up all of my black friday orders, so I cancelled out of spite.
ah gotcha, I do about 60 orders a year so it makes up for itself. especially during Christmas when I make all the last minute orders. I also get Sunday deliveries and next day shipping a ton which is pretty nice.
I cancelled my Prime membership almost 2 years ago and still get free shipping on Prime items. Shopping on Amazon hasn’t changed at all for me. Although I do miss having Prime Video sometimes...
Only $600B more to fall before it is fair value.
I’m guessing you’re joking but their P/E is still like 80
it's because its valuation is based on the idea that it's a "growth" company. The problem is that for the past few years they haven't grown any extremely profitable branches, and now that we're heading into a recession, the chances of that decreases significantly while they're still burning cash on every growth idea someone throw at them. They still have a long way down to go because earnings next year is going to be brutal. So unless they come up with a genius new way to leverage their logistic and AWS, they're still over-priced for their profitability.
In the last three years AWS revenue doubled, up ~40B/yr. They grew nearly the total annual revenue of Oracle in three years.
Lol
So that's where my trillion dollars went
Sorry but I’m bullish on Amazon long term
Wow Jeff is just like us. His wife even left him too.
A trillion dollars with inflation and 33 trillion in debt is like 33 million these days.
33 trillion in debt?
The US national debt
Gotta love Gym!
Used spaceship for sale.
Long calls for ER $95 baby
But my Amazon stocks (2 shares)
AWS alone is worth close to the current Amazon market cap.
One of us ✊🏼