Do you like Amazon (AMZN US) around $US90?
Hi, Just wondering whether you believe Amazon is a buy around $USD90. Thx Richard
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Answer
Hi Richard,
We had a position in AMZN which we cut because we believe costs within eCommerce are rising which could be a hurdle for growth stocks.
AMZN however is one of the goliaths in the tech space and we are bullish on Nasdaq going into Xmas, AMZN could rally with the index (as evident by its overnight +12% gain) and thus if we were short term traders we would be buying the dips ~$85-90 hoping to sell the Xmas rally.
