A few stocks to watch and what they’ve been doing:
Amazon (AMZN): Jeff Bezos laughs at all the Oscar jokes. He can afford to. Two weeks ago today you could’ve purchased one share of AMZN for $1820. This morning it’s at $2,113. That’s nearly a $300 (16%) increase in one fortnight. Long-term buy and hold. Maybe wait until a down day in market if you’re not already in
Tesla (TSLA): Up 5% Monday morning, but hell I dunno. I’d probably wait until it’s below $720 at least to jump in if I were you. But if you wanna satisfy a FOMO urge, buy a share or two here at $785.
Slack (WORK): Let’s say coronavirus isn’t the last pandemic (it’s not). Let’s say companies and people appreciate the savings in costs of conferencing on-line as opposed to getting together in person. Granted, the happy hours are not as much fun. That’s where Slack comes in. The stock is up above $24 this a.m. Two weeks ago you could’ve bought it in the $20 range. That’s a 20% jump in a fortnight. Like AMZN, buy and hold for a long time.
Grayscale Bitcoin Investment Trust (GBTC): Uh-oh, cryptocurrency. Yes, but it’s up 3.5% this morning and more than 25% since January 23rd. Can’t win if you don’t buy a ticket.
So, you KNOW how I feel about AMZN.. However, just to refresh MH’s memory – you could have bought a share almost exactly a year ago for $1400. AND it had previously peaked in early Sept 2018 (yes, 2018) & hadn’t gotten back there until just LAST WEEK. Which means from Sept 2018 to Feb 2020, this stock was hardly a rocket ship to riches!
Plus, after the fantabulous recent earnings report, the MOST “optimistic” of the stock analyst crowd projected a price of $2325, which is barely a 10% increase. Again, don’t start picking out a pricey Tesla to spend all your “profits” juuuust yet.