“Hi Mr. Germo, this is Patricia, I am not yet a stock market expert like you. But I am one of your biggest fans here in Los Angeles, too bad I missed your seminar here in the states 2 years ago. I just want to ask what’s your take on AMZN? I read your books and from what I read it seems that the stock is poised for growth even for years to come. What does the technicals say?”
Patricia G, Los Angeles, California
Catch me in my live training events! (quick plug)
The heart of why I do this seminars is I want to build a generation of Filipinos with the right foundation in stock investing. I want to bring smart investing to every Filipino around the world! If you would like to know more on how you could time the market checkout the trainings below. We are doing Qatar this November and Davao this October!
Stock Smarts Iloilo — July 29 – July 30, 2017
Stock Smarts General Santos — August 25 – August 27, 2017
Stock Smarts Manila — September 9,10, 16 & 17, 2017
Stock Smarts Cebu — September 30 – October 1, 2017
Stock Smarts Malaysia — November 4 – November 5, 2017
Stock Smarts Sydney Australia — November 11 – November 12, 2017
Stock Smarts Singapore — November 25 – November 26, 2017
Hi Patricia, first of all it’s an honour to be part of you investing journey! Don’t worry I will be back in the states soon! Will keep you posted on the date should we do a seminar in the west coast! My advise to you, just keep on learning and investing! Glad that you are going for tech stocks as well! I believe tech is the wave of the future! Even Warren Buffet is now into tech! That’s why even in the Philippines I am inspired by both Xurpas and Xeleb for putting the Philippines in the tech map!
I believe Amazon is the present and future of the industry. It is devouring Walmart in terms of online retail sales! If you think e-commerce is big now, wait until majority of the emerging markets have access to credit cards and smart phones. In terms of analysis, try to analyse AMZN like you would study most tech companies. They are growing and earning fast but the trade off is they are relatively expensive and you can’t really expect to earn dividends from them. The appeal of tech stocks is what they can be in the future based on how they are building their base now. That’s why I remain to be a big fan of FB, GOOG, and AAPL even up to now. Also you are correct that it is prudent to use technical analysis when trading and investing tech stocks because it allows you to follow where the trend is headed.
From a position trading perspective the stock is still in a long term uptrend and is worth holding onto specially if pullbacks would happen in the stock. I think if you are a position trader the cheapest that you could buy the stock while still maintaining its uptrend is when it hits 705 USD.
If you are a quick trader though, buy the stock now as long as it stays above 845 USD. I believe it it stays above 845 USD the next target price of AMZN will be 1,000 USD.
Hope this helps you! I am glad that this website is reaching out not just to Filipinos investing in the PSE but to different kababayans based in different parts of the world. God bless you as you live and push towards Financial Freedom.