Short-term volatility on Amazon

July 28th, 2005 - No Comments

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.

amznjump.gif

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.

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