Short-term volatility on Amazon
Posted at 11:01 on Thursday July 28, 2005
| Filed Under
Investing
I own some Amazon stock. For the last few months, my Amazon shares were down about 20%.
Over the last 2 days, though, there has been an absolutely humongous jump in the stock.
When it was down 20%, what did I do? I just held the stock. In fact, if I could have bought more, I would have. I thought (and still think) the company is fundamentally good, regardless of any short-term volatility. And now that's it's way up, what will I do? Nothing. Just wait and see. Not as sexy as those guys on CNBC, I know. But I don't need the money anytime soon.
