3Wk·

Sale Amazon

Today I have completely separated myself from my $AMZN (-1.75%) position today. The reasons for my decision:

○ Disappointing price performance YtD, especially in comparison with other Mag7 stocks

○ Nice price performance of approx. 40% since initial purchase in January 2024

○ No significant AI models and intentions recognizable. Could only become interesting for me again with the advent of humanoid robots

○ Reduction of duplication in the portfolio, as I am working with $MELI (-2.36%) & $9988 (-0.63%) in eCommerce and with $GOOGL (+0.53%) & $9988 (-0.63%) in the cloud sector to other stocks in the portfolio.

I will invest the freed-up capital in Hopfengold at the Oktoberfest in Munich at the weekend. The (hopefully) remaining amount will then flow into the $EQQQ. (-0.93%)

30.09

Amazon

Sold at $219.77

9 Comments

Magnus@Jensson

3Wk

I do not think it was a good idea to sell amazon. This company has plenty of growthing opportunties, is still leader in cloud. Logitics provider, plenty opportunities in AI. I am happy to see the quarterly results end of October and will increase my position. You sold one of the best companies in the world at a Forward P/E of 30 - at a very cheap price.

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Olli@Olli68

3Wk

I did that last week. $AMZN and $NFLX, my biggest positions, had to go. 👍

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DividendenAlpaka@DividendenAlpaka

3Wk

@Olli68 Why Netflix? I'm still convinced of it, even if it has been doing very well recently.

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Olli@Olli68

3Wk

@DividendenAlpaka Cash built up.

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aminemeskni@Aminmeskini

3Wk

I actually wanted to invest in Amazon this month. I decided on a different share. I actually think Amazon is undervalued. I looked at a lot of analyses and almost everyone agreed that the stock is undervalued. You just have to take your time. If Amazon stays at this price or even goes down, I will buy next month and I already have 160 shares

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Konstantin@Konstantin85

1Wk

Absolutely understandable, I personally will keep Amazon. However, I also bought MeLi a few days ago and will continue to expand.

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