Plain and simple: Amazon is going to have a major correction sooner rather than later. This bubble pattern is not sustainable. Now I am not calling the top now, or telling you to short. Just pointing out similarities to BTC's rise, and previous commodity/stock bubbles have the same characteristics and rising angle degree of supports.
I agree with you.
The million dollar question is where does this go before it has a big correction.
AWS is amazon main and pretty much its only money maker!
I think AWS will have more competition and will drive its profit margins down.
Theres other headwinds such as the 1 trillion dollar market cap which i strongly don't believe it will break anytime soon.
Plus Amazon will have to play catch up here to match there enormous Market cap of 833 Billion Dollars!
This is a great company and I'm sure they will be around for a very long time!
The other scenario that plays out is like the Walmart scenario where they top out soon and they go sideways for a long time to play catchup.
Not to mention that Amazon continues to spend every dollar they make to buy new companies eventually they will bite off more then they can chew.
Thank You
The million dollar question is where does this go before it has a big correction.
AWS is amazon main and pretty much its only money maker!
I think AWS will have more competition and will drive its profit margins down.
Theres other headwinds such as the 1 trillion dollar market cap which i strongly don't believe it will break anytime soon.
Plus Amazon will have to play catch up here to match there enormous Market cap of 833 Billion Dollars!
This is a great company and I'm sure they will be around for a very long time!
The other scenario that plays out is like the Walmart scenario where they top out soon and they go sideways for a long time to play catchup.
Not to mention that Amazon continues to spend every dollar they make to buy new companies eventually they will bite off more then they can chew.
Thank You