If you are holding Amazon stock reevaluate your positions!
Since 1998 Amazon rewarded the shareholders with 77165% gain, one of the most incredible gains of all times. During the same time period, NASDAQ has gained only 1139%, which means Amazon gained almost 68 times. When you take a closer look at Amazon you will notice something has changed in the last 4 months.
Amazon the 3rd biggest market cap company in the world after Apple and Microsoft failed to surpassed the September 2nd all times high, although the revenue and earnings growing reasonably!
While Nasdaq gained 9.53% Amazon lost 5% which is very unusual for a company gained 68 times the index in the last 23 years!
When a company performance getting better and better but fails to reach new highs, it means the longterm outlook for the company has changed a lot..!
The main reason could be new online retailers which challenged Amazon by their innovative business models, look at Etsy and Square with 85%, 45% gain in the same time period..!
The golden decades of Amazon passed, and buying and holding the shares could not make the share holders like before, invest in the new challengers..!
Amazon the 3rd biggest market cap company in the world after Apple and Microsoft failed to surpassed the September 2nd all times high, although the revenue and earnings growing reasonably!
While Nasdaq gained 9.53% Amazon lost 5% which is very unusual for a company gained 68 times the index in the last 23 years!
When a company performance getting better and better but fails to reach new highs, it means the longterm outlook for the company has changed a lot..!
The main reason could be new online retailers which challenged Amazon by their innovative business models, look at Etsy and Square with 85%, 45% gain in the same time period..!
The golden decades of Amazon passed, and buying and holding the shares could not make the share holders like before, invest in the new challengers..!
Comment:
Just experienced below 3000, it is critical level
